|
(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.
mrcplast.com
| 
