HOUSTON (ICIS)--US December polymer-grade propylene (PGP) contracts reached an initial settlement up 6.0%, sources said on Friday.
Several sources confirmed that December PGP contracts gained 4.0 cents/lb ($88/tonne, €64/tonne), putting them at 70.5 cents/lb.
The increase is uncommon for December, as seasonal factors typically lead to lower prices or a rollover.
However, expectations for higher prices in the first quarter of 2014 on tighter supply have led to some pre-buying and inventory building, sources said.more >>
INSIGHT: UK chemical producers want to grow but energy is against them
“The UK and the rest of Europe needs a business climate that is more responsive to global competition, chemical industry executives believe.” more
Asian Chemical Connections