30 March 2010 18:32 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--US propylene contracts will rise in April, but nowhere near the nominations put forward for the month, a buyer said on Tuesday, predicting producers will get about half of the increases they are seeking.
The settlement for April is unlikely to happen until the week after the Easter holiday, the source said, adding that
US polymer-grade propylene (PGP) for March settled up by 5 cents at 68.50 cents/lb, while chemical-grade propylene (CGP) settled at 67.00 cents/lb, according to global chemical market intelligence service ICIS pricing.
Chevron Phillips Chemical, Enterprise Products, ExxonMobil, LyondellBasell and Shell Chemical are among the major
Dow Chemical, INEOS, Ascend Performance Materials and Total are among the main buyers.
The NPRA’s International Petrochemical Conference (IPC) runs through Tuesday.
($1 = €0.74)
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