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November propylene contracts start to settle in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/11/2015 (10:42)
According to market sources, November propylene contracts have started to settle in the US. The new propylene contracts are settling 1 cent/lb ($22/ton) higher from October 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.

Sources reported the new settlement was in line with market expectations. If the new settlement sees widespread acceptance, it will be highest monthly increase seen this year. An initial nomination had called for a gain of 1.5 cents/lb ($33/ton) from the previous month.
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