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Producer nominates US March propylene contract up 1 cent/lb

Producer seeks 1 cent/lb hike for US March propylene

HOUSTON (ICIS)--A US propylene producer nominated its March contracts for a 1 cent/lb ($22/tonne) increase, sources said on Friday.

Earlier in the week, another US producer nominated its March contracts at an increase of 1.5 cents/lb.

Sources said propylene producers are pushing for increases on tighter supply, as crackers have started shifting toward lighter feeds in light of increased propane and naphtha values.

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