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March propylene contracts fully settle in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 18/03/2016 (11:44)
According to market sources, March propylene contracts have been fully settle in the US. The new propylene contracts were agreed 1.5 cents/lb ($33/ton) higher from February at 31.5 cents/lb ($694/ton) FD USG for polymer-grade propylene and at 30 cents/lb ($661/ton) for chemical-grade propylene with the same terms.

The new settlement represented the first increase of this year. The increase was attributed to higher crude oil and feedstock prices and lower propylene inventories.
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