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Chemical Week Magazine :: Basic Chemicals & Plastics
July Propylene Contracts Roll Over
8:40 AM MDT | July 23, 2010 | Lindsey Bewley
U.S. propylene contracts for July have rolled over, disappointing producers who had hoped to capitalize on recent price increases for spot propylene. Increases were influenced by both CPChemâ€™s steam cracker outage at Port Arthur, TX in mid-June and fluctuating crude oil prices, market watchers say. Polymer-grade propylene (PGP) last settled at a decrease of 8 cts/lb, to 55.5 cts/lb for June, while chemical-grade propylene (CGP) also saw an 8 cts/lb decrease for June, settling at 54 cts/lb. Contract prices have steadily dropped since April, when PGP settled at a...
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