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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US November propylene contracts fully settle at decrease
Houston, November 9, 2016 (PCW)--US November propylene contracts have fully settled as of Wednesday at 35.5 cpp for polymer grade and at 34 cpp for chemical grade, a 6 cpp decrease from October. Multiple agreements were confirmed on Tuesday.
The decrease is the second consecutive one, following a 1.5 cpp drop from September to October. Prior to October, contracts had steadily risen since February. The last time contracts fell 6 cpp was in April 2015, when they dropped to 43 cpp.
Contract prices average 34.682 cpp for PGP and 33.182 cpp for CGP so far for the year, compared with Jan-Nov 2015 averages of 39.591 cpp for PGP and 38.091 cpp for CGP. For the past five years, US propylene contract prices have risen during the fourth quarter.
Spot PGP prices have traded down from 36.5 cpp to 31.75 cpp so far this month. The month-to-date November weighted average for PGP is 34.079 cpp, compared with 39.324 cpp in October.
On the feedstock side, spot refinery grade propylene (used to feed PGP and CGP splitters) has traded in a range of 20-22 cpp so far this month, down from a weighted average of 28.75 cpp in October. Spot propane (used to feed PDH units) saw more muted declines, trading in a range of 51.325-56.875 cpg so far this month (or an equivalent of 12.14-13.44 cpp), compared with a range of 54.5-61.25 cpg (12.88-14.47 cpp) in October. -- Kathy Hall