IHS Chemical Week

Chemical Week Magazine :: Basic Chemicals & Plastics

Europe’s propylene contract price drops in December

4:59 AM MST | December 12, 2014 | —francinia Protti-Alvarez

The propylene market tightened in Europe during November because of a number of steam cracker issues. Planned and unplanned outages took place, and the combined loss of 13% of regional capacity significantly impacted the market, according to IHS Chemical’s latest Market Advisory Service: Europe & Middle East Light Olefins. As a result, Europe’s propylene supply has been squeezed, the report adds. The December propylene contract was nevertheless settled down €60/m.t. ($72), to €955/m.t. del. northwestern Europe, according to IHS Chemical data...

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