Pricing and Markets
July 10, 2020
U.S. Total Vehicle Sales Update
July 1, 2020
More On June Propylene Increase
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
More On June Propylene Increase
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
LyondellBasell Announces August Increase for PP Following Propylene Hikes
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.
July 1, 2020
LyondellBasell Announces August Increase for PP Following Propylene Hikes
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.