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September propylene contracts start to settle in US

by ChemOrbis Editorial Team -
  • 18/09/2015 (11:35)
According to market sources, September propylene contracts have started to settle in the US. The new propylene contracts are settling 3 cents/lb ($66/ton) lower from August at 30 cents/lb ($661/ton) FD USG for polymer-grade propylene and at 28.5 cents/lb ($628/ton) for chemical-grade propylene with the same terms.

If the new settlement sees widespread acceptance, it will be the lowest settlement seen since April 2009. Initial nominations had called for a decrease of around 2 cents/lb ($44/ton) from the previous month.
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