20 December 2007 21:48 [Source: ICIS news]
HOUSTON (ICIS news)--US spot olefins traded several times on Thursday following a slowdown that prevailed for the most of the week.
A deal for January was also heard at 50.375 cents/lb, while a December-January strip was inked at 50.25 cents/lb, sources said.
Ethylene had been last heard traded on Monday at 50.50 cents/lb for January delivery.
Trading in propylene was not as active, but three deals were confirmed by a market participant.
Polymer-grade propylene (PGP) for December traded at 59.875 cents/lb on Thursday, down from 60 cents/lb on Wednesday. A refinery-grade propylene (RGP) deal was also heard done on Wednesday at 55.75 cents/lb.
RGP had been last heard traded in the week ended 14 December at 56.40 and 56.75 cents/lb. A PGP deal was also done last week at 60 cents/lb.
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