Pricing and Markets
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.
June 24, 2020
TRFA Epoxy Outlook
TRFA Webinar Program Recording Available
To add more value to membership in TRFA, we have created a monthly webinar series for 2020.
Our second webinar was held today. The presenter was Dan Murad, CEO of Chemquest. Dan’s presentation was titled, “Global Epoxy Trends, Trials and Tribulations”.
The presentation focused on the global epoxy industry and addressed topics such as industry performance, market and secular trends, key drivers and Covid-19 implications within the context of the competitive landscape.
A recording of the webinar can be found on the TRFA website here.
Additional webinars fo July and August have been scheduled as follows:
Wednesday, July 15: Epoxy 101. The presenter will be Roy Kelly with Olin Corporation. Roy will cover a variety of important epoxy related topics including: Epoxy applications, Basic chemistry and curing mechanism of epoxy resins, Reactive diluents, Hardeners, Benefits and issues when using epoxy systems, Factors to consider for selection and use of epoxies, and more.
To register for this webinar, click here.
Too watch the webinar:
https://www.trfa.org/resources/docs/Global_Epoxy_Industry_Trends_Trials_and_Tribulations.mp4
June 24, 2020
TRFA Epoxy Outlook
TRFA Webinar Program Recording Available
To add more value to membership in TRFA, we have created a monthly webinar series for 2020.
Our second webinar was held today. The presenter was Dan Murad, CEO of Chemquest. Dan’s presentation was titled, “Global Epoxy Trends, Trials and Tribulations”.
The presentation focused on the global epoxy industry and addressed topics such as industry performance, market and secular trends, key drivers and Covid-19 implications within the context of the competitive landscape.
A recording of the webinar can be found on the TRFA website here.
Additional webinars fo July and August have been scheduled as follows:
Wednesday, July 15: Epoxy 101. The presenter will be Roy Kelly with Olin Corporation. Roy will cover a variety of important epoxy related topics including: Epoxy applications, Basic chemistry and curing mechanism of epoxy resins, Reactive diluents, Hardeners, Benefits and issues when using epoxy systems, Factors to consider for selection and use of epoxies, and more.
To register for this webinar, click here.
Too watch the webinar:
https://www.trfa.org/resources/docs/Global_Epoxy_Industry_Trends_Trials_and_Tribulations.mp4
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