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.

https://globalrubbermarkets.com/225641/us-propylene-contracts-see-first-price-increase-in-nine-months-sources.html

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.

https://globalrubbermarkets.com/225641/us-propylene-contracts-see-first-price-increase-in-nine-months-sources.html

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

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.

https://www.spglobal.com/platts/en/market-insights/videos/market-movers-americas/062920-rig-count-rises-pandemic-pressures-us-commodities

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

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.

https://www.spglobal.com/platts/en/market-insights/videos/market-movers-americas/062920-rig-count-rises-pandemic-pressures-us-commodities