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Shell Chemical nominates April propylene contract to US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/04/2016 (10:29)
According to market sources, Shell Chemical has nominated its April propylene contract to the US with an increase of 3 cents/lb ($66/ton) from March at 33 cents/lb ($727/ton) FD USG for chemical-grade propylene.

Previously, Enterprise Product Partners nominated its April contract with an increase of 2 cents/lb ($44/ton) from March at 33.5 cents/lb ($738/ton) FD USG for polymer-grade propylene.

Market expectations were calling for a 1-3 cents/lb ($22-66/ton) gain for the April propylene contract nominations in the US.

In March, US propylene contracts were fully settled 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.
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