23 July 2012 17:37 [Source: ICIS news]
EB for July was assessed at 83-85 cents/lb ($1,830-1,874/tonne, €1,519-1,555/tonne), down from 91-95 cents/lb in June.
DB prices also decreased at about the same rate, falling 8 cents/lb, to a range of 95-98 cents/lb, down from 103-104 cents/lb in the prior month.
Contract prices for propylene glycol methyl ether (PM) and propylene glycol methyl ether acetate (PMA) decreased for July to the range of 101-103 cents/lb, down from 113-115 cents/lb in June.
The lower assessments for PM and PMA resulted from several months of rapid declines in the price of feedstock propylene earlier in the year.
($1 = €0.83)
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