NPRA ’07: US PGP exports possible in June
27 March 2007 00:26 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--US propylene prices could decline enough by June to allow for spot propylene exports from the US Gulf to Europe, a trader said on Monday.
A recent 5-cent rise in US spot prices for refinery grade propylene (RGP), driven by production issues, kills the possibility for May exports, the trader said on the sidelines of the NPRA petrochemical conference.
But demand for polymer grade propylene (PGP) is soft, which will soon be reflected in prices, he said.
US spot RGP is currently assessed at 43.50-45.25 cents/lb, while spot PGP is at 44.50-45.00 cents/lb, according to global chemical intelligence service ICIS pricing.
By: Mark Quiner
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