Propylene Price Settled Higher Than Expected

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Image courtesy Gabriel Santiago

Propylene Price Settlement

We’re finally gaining some clarity on some prices increase for fall 2016. In the flurry of information that’s been reported thus far, the propylene contract price is up and settled at $0.035 per pound higher than the initial projections for a $0.015 per pound increase, as originally figured. Propylene is the major component for all our products. Propylene derivatives are likely to be increasing as well, though these are more difficult to project.

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With this report and more information coming, GreenChem is encouraging everyone to actively and accurately take account of current inventories and make swift purchasing decisions to take advantage of the lower costs. We’re here for you, to help you navigate and anticipate the ebbs and flows of the growing petrochemical marketplace.

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Be sure to reach out to your dedicated GreenChem representative for further insight on the latest chemical news and how all the recent increases might effect you.

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