26 March 2007 17:02 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--More propylene market players will seek to get involved in the refinery grade propylene (RGP) spot market to manage risk associated with their monthly contracts, a buyer said on Monday.
Spot RGP prices influence the monthly contract price, which in turn is used as a barometer for the chemical (CGP) and polymer (PGP) grade propylene settlement.
The buyer noted that currently, many PGP and CGP buyers and sellers have little influence over their own settlements since they are not directly involved in the RGP market.
Trading spot RGP will provide these players with more input in the market, he said on the sidelines of the NPRA's 32nd International Petrochemicals Conference.
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