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October propylene contracts start to settle in US

by ChemOrbis Editorial Team -
  • 16/10/2015 (15:43)
According to market sources, October propylene contracts are settling in the US. The new settlement was agreed with an increase of 0.5 cent/lb ($11/ton) from September at 30.5 cents/lb ($672/ton) for polymer-grade and at 29 cents/lb ($639/ton) for chemical-grade propylene. Producers had initially proposed rollovers for the month.

If the settlement is widely accepted in the market, it will be the first hike seen since February.
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