16 January 2013 22:46 [Source: ICIS news]
HOUSTON (ICIS)--US polymer-grade propylene (PGP) traded at 74 cents/lb ($1,631/tonne, €1,223/tonne), up from a range of 68.750-72.000 cents/lb last week, after government data on Wednesday showed another drop in inventories.
RGP inventories are down by 39% from 5.302m bbl a year earlier, the EIA said.
Continued strength in propylene spot prices could lead to another increase in February, following January's jump of 15 cents/lb.
($1 = €0.75)
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