Propylene Contract Price Settlement Notice

July US Propylene Contract Price Settlement Notice

Update: Buyers and sellers have settled the polymer grade (PG) and chemical grade (CG) propylene contract prices for July 2020 with an agreement to increase prices by 6.0 cpp from June 2020 reference prices. As a result, the US July 2020 PG benchmark contract price is 32.5 cpp and the US July 2020 CG benchmark contract price is 31.0 cpp. The settlement was not market-wide as there was one supplier based on our survey whose position was not aligned with an increase of 6.0 cpp from June 2020. However, as the majority of the buyers and sellers have agreed to this increase, IHS Markit is calling the market settled.