June Propylene Prices Tank in North America

North American propylene prices have taken a nosedive in recent weeks as global oil and petrochemical prices slide. June contracts settled recently at a decrease of 15.5 cts/lb, putting polymer-grade propylene (PGP) at 52 cts/lb and chemical-grade propylene (CGP) at 50.5 cts/lb. The settlement represents a 23% decline from May contract prices. “At these price levels, U.S. derivative producers have moved into a globally competitive position,” IHS Chemical says. “Polypropylene demand is heard to be much stronger as converters look to...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers