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January propylene contracts settle with increase
HOUSTON, January 27, 2017 (PCW) – January propylene contracts settled Thursday at 41.5 cpp for PGP and 40 cpp for CGP, representing a 10 cpp increase from December.
The last time the contract price was this high was October when it came it also came in at 41.5 cpp.
Spot propylene markets were thin on Thursday with no new propylene trades seen. Jan PGP was offered at 48.25 cpp, but did not see any bids. Jan last traded at 46 cpp on Jan 17. For the month-to-date, Jan PGP has averaged at 43.706 cpp with a 30-day weighted average of 40.909 cpp. -- Samantha Hartke