US propylene producer nominates rollover for December

26 November 2012 22:40  [Source: ICIS news]

US propylene producer nominates rollover for DecemberHOUSTON (ICIS)--A US propylene producer on Monday nominated a rollover for December, market sources said.

The initiative would keep polymer-grade propylene (PGP) contracts in December at 57.00 cents/lb ($1,257/tonne, €968/tonne) and chemical-grade propylene (CGP) prices at 55.50 cents/lb.

US propylene contracts normally settle at the beginning of the month being negotiated.

A second US producer is expected to step out with its initiative in the coming days.

November propylene contracts rose by 4 cents/lb on the back of higher spot prices.

($1 = €0.77)

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By: William Lemos
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