January propylene contracts settle in US
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, January propylene contracts in the US have settled with a visible increase of 12 cents/Ib ($264/ton) when compared to December 2020.
The settlements were at 60.50 cents/lb ($1333/ton) for polymer-grade propylene and 59 cents/lb ($1300/ton) for chemical-grade propylene, all on FD USG basis. The latest contract levels are now standing at 29-month highs.
According to ChemOrbis Price Wizard, spot polymer-grade propylene prices in the US were last reported at around $1350/ton (61 cents/lb) FD USG. The figure indicated a sharp increase of around $140/ton (6 cents/Ib) from the beginning of January.
The settlements were at 60.50 cents/lb ($1333/ton) for polymer-grade propylene and 59 cents/lb ($1300/ton) for chemical-grade propylene, all on FD USG basis. The latest contract levels are now standing at 29-month highs.
According to ChemOrbis Price Wizard, spot polymer-grade propylene prices in the US were last reported at around $1350/ton (61 cents/lb) FD USG. The figure indicated a sharp increase of around $140/ton (6 cents/Ib) from the beginning of January.
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