26 June 2013 17:35 [Source: ICIS news]
HOUSTON (ICIS)--US initial June chemical-grade propylene (CGP) contracts settled up 3.3%, sources said on Wednesday, splitting from June polymer-grade propylene (PGP) contracts.
US June CGP contracts settled at 62.5 cents/lb ($1,378/tonne, €1,047/tonne), up from May’s settlement of 60.5 cents/lb.
The settlement was lower than June PGP contracts, which have started to settle up 3 cents/lb.
This is the first split settlement on propylene since March 2011, when PGP contracts fell by 5 cents/lb and CGP contracts fell by 1 cent/lb.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|