IHS Chemical Week

Chemical Week Magazine :: Basic Chemicals & Plastics

US propylene values trending downward through July

6:13 AM MDT | June 13, 2014 | ­­—Clay Boswell

US propylene values continue to fall from January highs, but low Asian prices are hindering derivative exports. The trend will reverse in July, and US prices will rise until late in the year, according to projections by IHS Chemical. US propylene contract settlements for June were 3 cts/lb below May, putting IHS Chemical’s benchmark contract price at 67.5 cts/lb for polymer grade and 66.0 cts/lb for chemical grade, says IHS Chemical’s Market Advisory Service: North America Light Olefins. Since January, when propylene contracts last peaked, values have...

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