27 January 2009 22:58 [Source: ICIS news]
HOUSTON (ICIS news)--US propylene (C3) producers have nominated February contract price increases of 7 and 8 cents/lb ($154 and $176/tonne, or €117 and €134/tonne), market sources said on Tuesday.
The nominations came after January contracts jumped by 2 cents/lb on the back of tight supply and slightly improved demand.
Two producers have nominated so far, one buyer said.
US chemical-grade propylene (CGP) contracts in January settled at 20.50 cents/lb, while polymer-grade propylene (PGP) contracts rose to 22.00 cents/lb, according to global chemical market intelligence service ICIS pricing.
Equistar, ExxonMobil, Chevron Phillips Chemical, Shell Chemical and Enterprise Products are among the major US producers of PGP and CGP.
Basell, Total, Solutia, Dow Chemical, Rohm and Haas and INEOS are among the main buyers.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections