Propylene prices extend declines in the U.S. on bearish upstream markets and weak demand

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Last week, propylene spot prices continued to trend lower in the United States.

An sector source in the U.S. told a Polymerupdate team member, “U.S. propylene prices continued to move reduce amid weaker upstream energy and naphtha markets, which reduced production cost support and weighed on market sentiment. Ample supply availability and sluggish downstream demand kept market fundamentals soft, limiting buying interest and exerting additional pressure on prices. Trading activity remained largely in line with assessed levels, reflecting the prevailing bearish tone in the market. Market participants also remained focused on the outcome of the ongoing might contract settlement negotiations.”

Polymer-grade propylene spot delivered prices were assessed at 38.50–39.00 cents/lb FD U.S. Gulf levels, reduce by (-3.50 cents/lb) from the previous week.

Meanwhile, refinery-grade propylene spot delivered prices were assessed at 32.50–33.00 cents/lb FD U.S. Gulf levels, a week-on-week decrease of (-3.50 cents/lb).

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