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US propylene prices are at all-time highs

May 04/2011

(ICIS) -- Record US prices for propylene could encourage more producers to crack larger amounts of propane and butane, a consultant said on Tuesday. US propylene prices are at all-time highs, and more records could be set in the upcoming weeks.


In April, US propylene contracts rose by 15 cents/lb (USD 331/tonne, EUR 221/tonne) in a record-breaking settlement that put polymer-grade propylene (PGP) at 87.50 cents/lb and chemical-grade propylene (CGP) at 86.00 cents/lb.


For May, US propylene producers nominated increases as high as 12.50 cent/lb.


This price run-up is threatening margins for several propylene derivatives. For integrated producers, making more propylene could help protect those margins.


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