Plastics Reclamation Plant Liquidation
Sortation, Grinding, Washing and Starlinger Equipment For Sale
Equipment sold individually
Bids accepted first come, first served basis.
Subject to prior sale.
All offers due by Nov. 7
Click here for pictures and detailed equipment list
Contact David for additional information at 1-630-235-8171
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October US propylene contracts see first decrease since February
HOUSTON, October 28, 2016 (PCW) -- US propylene contracts for October have settled at 41.5 cpp for polymer grade and 40 cpp for chemical grade, a 1.5 cpp decrease from September contract prices.
The agreement is the first decrease seen since February. They average 34.6 cpp for PGP and 33.1 cpp for CGP so far for the year, compared with Jan-Oct 2015 averages of 40.4 cpp for PGP and 38.9 cpp for CGP. For the past five years, US propylene contract prices have risen during the fourth quarter.
Spot PGP activity has been extremely light this month, with less than 20 million pounds transacting for October delivery. Oct spot PGP began the month trading at 40 cpp. It last traded at 38.5 cpp on Oct 19 but has since been offered down to 36 cpp. Nov spot PGP last traded at 36.75 cpp on Oct 21 but has also been offered down to 36 cpp since then.
On the feedstock side, spot refinery grade propylene (used to feed PGP and CGP splitters) has been trading in a range of 27.75-30 cpp this month, down from a range of 31-33 cpp in September. Spot propane (used to feed PDH units), however, has traded in a range of 54.5-61.25 cpg so far this month (or an equivalent of 12.88-14.48 cpp), up from a range of 44.375-53.125 cpg (10.49-12.56 cpp) in August. -- Kathy Hall