08 February 2012 17:13 [Source: ICIS news]
HOUSTON (ICIS)--US propylene contracts for February began to settle on Wednesday at an increase of 16.50 cents/lb ($364/tonne, €273/tonne), lifted by higher spot prices in recent weeks but below nominations put forward for the month.
The initial settlements put polymer-grade propylene (PGP) contracts at 72.50 cents/lb and chemical-grade propylene (CGP) at 71.00 cents/lb.
($1 = €0.75)
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