April propylene prices expected to set record – Platts

Plastics Apr 16, 2011 No Comments

Propylene is expected to reach an all-time high in North America later this month, as rising feedstock prices exert upward pressure on prices.

US polymer-grade propylene contracts for April were beginning to settle at an all-time high, up more than 20 percent at 87.50 cents/lb, market sources reported Friday.

The new CP represented a 15-cent/lb increase over March values, which were at 72.50 cents/lb for polymer-grade propylene and 71 cents for chemical grade.

Chemical-grade was settling at 86 cents/lb, also a record high, according to Platts data.

via April propylene CP begins to settle up 15 cts at 87.50 cts/lb – Petrochemicals | Platts News Article & Story.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.