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March propylene contracts start to settle in US

by ChemOrbis Editorial Team -
  • 13/03/2015 (17:44)
According to market sources, March propylene contracts have started to settle in the US. The new contracts are reportedly settling with a decrease of 1.5 cents/lb ($33/ton) from February at 49 cents/lb ($1080/ton) FD USG for polymer-grade propylene and at 47.5 cents/lb ($1047/ton) for chemical grade.

Initial nominations called for an increase of 1.5 cents/lb ($33/ton) while market expectations called for a decrease of 1-3 cents/lb ($22-66/ton) from February.
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