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Everchem Updates
VOLUME XXI
September 14, 2023
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July 1, 2020
US propylene contracts see first price increase in nine months: sources
June 29, 2020 0 5
Highlights
June PGP contract settles at 26.5 cents/lb, up 0.5 cent
Contract prices linger at 11-year lows
Houston —
June US propylene contract prices settled a half-cent higher than May contract prices June 29, trade participants said.
The settlement marks the first price increase since September 2019, S&P Global Platts data showed.
The increase brought the US June polymer-grade propylene contract price to 26.5 cents/lb and chemical-grade propylene contract price to 25 cents/lb, the sources said.
The settlement was in line with market expectations of a price increase.
PGP and CGP contract prices remain at an 11-year low, however, and were last lower January 2009 at 22 cents/lb and 20.50 cents/lb, respectively, according to Platts data.
The increase comes as spot propylene prices have climbed 27% month-on-month June 29 and more than 50% since the year-to-date low of 18.625 cents/lb March 23.
US spot PGP was assessed June 29 at 28 cents/lb, up 1.125 cents from June 26.
July 1, 2020
US propylene contracts see first price increase in nine months: sources
June 29, 2020 0 5
Highlights
June PGP contract settles at 26.5 cents/lb, up 0.5 cent
Contract prices linger at 11-year lows
Houston —
June US propylene contract prices settled a half-cent higher than May contract prices June 29, trade participants said.
The settlement marks the first price increase since September 2019, S&P Global Platts data showed.
The increase brought the US June polymer-grade propylene contract price to 26.5 cents/lb and chemical-grade propylene contract price to 25 cents/lb, the sources said.
The settlement was in line with market expectations of a price increase.
PGP and CGP contract prices remain at an 11-year low, however, and were last lower January 2009 at 22 cents/lb and 20.50 cents/lb, respectively, according to Platts data.
The increase comes as spot propylene prices have climbed 27% month-on-month June 29 and more than 50% since the year-to-date low of 18.625 cents/lb March 23.
US spot PGP was assessed June 29 at 28 cents/lb, up 1.125 cents from June 26.
LyondellBasell to increase US polypropylene prices for August by 3 cents/lb: letter
- Author Emmanuel Gallegos
- Editor Keiron Greenhalgh
- Commodity Petrochemicals
New York — LyondellBasell subsidiaries Equistar Chemicals and Mexico City-based Basell Poliolefinas plan to increase their polypropylene prices in North America by 3 cents/lb ($66/mt) for August, the company said in a letter to customers June 29.
The increase would be in addition to all previous price-increase announcements, Equistar said in the letter.
The letter said they would increase their August polypropylene prices by the change in polymer-grade propylene pricing for the month from July 2020.
PGP contracts settled June 29 at 26.5 cents/lb, moving up 5 cents/lb ($110/mt) from the May PGP price of 21.50 cents/lb.
The increase to the US June polymer-grade propylene contract price was in line with market expectations of a price increase.
The settlement marks the first price increase since September 2019, S&P Global Platts data showed.
PGP contract prices remain at an 11-year low and were last lower January 2009 at 22 cents/lb, according to Platts data.
LyondellBasell to increase US polypropylene prices for August by 3 cents/lb: letter
- Author Emmanuel Gallegos
- Editor Keiron Greenhalgh
- Commodity Petrochemicals
New York — LyondellBasell subsidiaries Equistar Chemicals and Mexico City-based Basell Poliolefinas plan to increase their polypropylene prices in North America by 3 cents/lb ($66/mt) for August, the company said in a letter to customers June 29.
The increase would be in addition to all previous price-increase announcements, Equistar said in the letter.
The letter said they would increase their August polypropylene prices by the change in polymer-grade propylene pricing for the month from July 2020.
PGP contracts settled June 29 at 26.5 cents/lb, moving up 5 cents/lb ($110/mt) from the May PGP price of 21.50 cents/lb.
The increase to the US June polymer-grade propylene contract price was in line with market expectations of a price increase.
The settlement marks the first price increase since September 2019, S&P Global Platts data showed.
PGP contract prices remain at an 11-year low and were last lower January 2009 at 22 cents/lb, according to Platts data.
by David Perry
NASHVILLE, Tenn. – Business is rebounding at independent sleep products manufacturer Southerland, and the producer is looking to add 10% to its workforce at all its facilities to keep up with demand.
The manufacturer is looking to expand its customer service, shipping and quality control departments, as well as increase production staffing, supervisory positions and truck drivers for Southerland Transport, its wholly owned trucking division.
Read more here: https://www.furnituretoday.com/bedding-manufacturers/as-bedding-business-rebounds-southerland-looks-to-boost-its-workforce-by-10/
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