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Second August propylene contract nominated in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 09/08/2016 (14:15)
According to market sources, a second propylene contract for August was nominated in the US with a higher increase of 4 cents/lb ($88/ton) at 37.5 cents/lb ($827/ton) for polymer-grade propylene from an initial nomination which called for a 2.5 cent/lb ($55/ton) hike from July.

Initial market expectations called for an increase of 1-2 cents/lb from July due to stronger spot prices stemming from satisfactory demand from downstream markets and lower supply levels. Sources reported that unexpected shutdowns resulted in a decrease in supply levels.
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