Monday, April 19, 2010

Spot propylene prices in US dip as demand weakens

Weakening demand has pressured a drop in spot propylene prices in USA by about 6%, amid looser supply. As per ICIS, refinery-grade propylene (RGP) for April was offered earlier this week at 52.50 centts/lb (US$1157/ton), falling steadily since it last traded at 56 cents/lb on 5 April.

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