Propylene Prices, markets & analysis
Stay abreast of the regional Propylene markets that matter to you.
From pricing information to the analysis you need to understand it, ICIS coverage of regional Propylene markets is second to none.
Our locally based reporters constantly update our independent price assessments and market coverage, giving you a firm foundation in all your dealings.
Use ICIS information to:
- Follow price drivers and fluctuations
- Inform your internal market modelling
- Back up your negotiations
- Determine settlement and contract terms
Propylene Europe Transcript
The ICIS European propylene report is a benchmark report, which means that the prices that we publish are widely referenced in industry contracts.
We cover the contract market, which is a monthly market, and we cover that on a free delivered northwest European basis. This is an industry-agreed price, which means that key producers and key consumers exchange price ideas, and negotiate a new settlement in the last week of every month.
We also cover the spot market both on the chemical grade sector and in the polymer grade sector. We cover prices on an inland basis; on a free delivered (FD) northwest European (NWE) basis; and in the deep-sea market on cost, insurance & freight (CIF) coastal basis.
Market fundamentals such as supply, production issues both planned and unplanned and demand derivatives on the derivative markets downstream are all covered on a weekly basis in the report.
Propylene news and market information products from ICIS
We offer the following regional Propylene coverage to keep you informed of factors and developments affecting prices in the Europe Propylene marketplace.
Price Reporting – More information about the price reports we publish on Propylene
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
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News & analysis
News & Analysis - News & market analysis specifically relating to Propylene
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
US polymer-grade propylene (PGP) and chemical-grade propylene (CGP) contracts gained 2.5 cents/lb ($55/tonne) during the third quarter, tracking tighter supply and higher feedstock costs.
Supply tightened as refinery operating rates were slightly lower, owing to the end of the summer driving season.
Most US crackers also switched to lighter feeds because of the cost advantage, as export demand for propane boosted prices.
Propylene demand during the quarter was steady year on year, but softened from the second quarter as construction activity waned.
Spot prices for PGP were largely steady during the quarter, increasing by 0.375 cents/lb, while spot prices for refinery-grade propylene (RGP) fell by 2.000 cents/lb during the quarter on weaker demand from the gasoline market.
However, RGP availability tightened during the quarter, with some sellers able to point to alkylation values in the 60s cents/lb range as a possible destination for prices in the fourth quarter.
The increase in PGP and fall in RGP boosted margins for propylene splitters to 10 cents/lb.
Updated to mid-November 2013
The ICIS European propylene report is a benchmark report, which means the prices published are widely referenced in industry contracts. We cover the contract market, which is a monthly market, on a free delivered (FD) northwest Europe (NWE) basis.
This is an industry agreed price, meaning that key producers and key consumers can exchange price ideas and negotiate a new settlement in the last week of every month.
ICIS covers the spot market, both on the chemical grade sector and the polymer grade sector. Additionally, we cover prices on an inland basis, on a free delivered (FD) northwest European (NWE) basis and in the deep-sea market on a cost, insurance & freight (CIF) coastal basis.
Market fundamentals, such as supply-demand developments and production issues, both planned and unplanned, in the derivative markets downstream are all covered on a weekly basis in the report.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Propylene. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.