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Initial September propylene contract settles in US

by ChemOrbis Editorial Team -
  • 29/09/2016 (15:49)
According to market sources, an initial September propylene contract settled in the US. The initial propylene contract was agreed with an increase of 6 cent/lb ($132/ton) from August at 43 cents/lb ($948/ton) FD USG for polymer-grade propylene and at 41.5 cents/lb ($915/ton) for chemical grade.

Sources reported that the new settlement will be the fourth increase in a row, although, it is lower than last month’s 7 cents/lb ($154/ton) increase if it finds wide acceptance in the market.
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