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NGLs Week

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US May propylene contracts completely settle

HOUSTON, May 16, 2016 (PCW) -- May propylene contracts were completely settled Monday morning at 32.5 cpp for polymer grade and at 31 cpp for chemical grade, unchanged from April. Initial agreements began on Friday.

The agreements keep contract prices at their highest level since August 2015, when they were 33 cpp for PGP and 31.5 cpp fo CGP.

Spot PGP has traded in a range of 30-30.5 cpp so far this month, compared with a range of 29.75-30.625 in April. -- Kathy Hall

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