NewsFlashUS propylene for June drops 23%

07 June 2012 18:53  [Source: ICIS news]

HOUSTON (ICIS)--US polymer-grade propylene (PGP) contracts for June settled at 52 cents/lb ($1,146/tonne, €917/tonne) on Thursday, falling by 15.50 cents/lb from May on pressure from weaker demand and lower upstream energy costs.

The drop is the second in as many months as the US contract shed 10 cents/lb in May.

($1 = €0.80)

By: William Lemos
+1 713 525 2653

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