06 October 2011 19:37 [Source: ICIS news]
HOUSTON (ICIS)--US propylene contract prices for October settled down 14 cents/lb from September, market participants said on Thursday.
The settlement brings the polymer-grade propylene (PGP) contract down to 64 cents/lb ($1,411/tonne, €1,058/tonne) and chemical-grade propylene (CGP) down to 62.50 cents/lb.
US propylene contracts usually settle near the beginning of the month to which they apply.
Major US producers of PGP and CGP include Chevron Phillips Chemical, Enterprise Products, ExxonMobil, LyondellBasell, Petrologistics and Shell Chemical.
The main buyers include Dow Chemical, INEOS, Ascend Performance Materials and Total.
($1 = €0.75)
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