September US Propylene Contract Price Settlement Notice

In Pricing by PattyH

Update: Buyers and sellers have settled the polymer grade (PG) and chemical grade (CG) propylene contract prices for September 2020 with an agreement to rollover the prices from August 2020 reference prices. As a result, the US September 2020 PG benchmark contract price is 36.0 cpp and the US September 2020 CG benchmark contract price is 34.5 cpp. The settlement was not market-wide as there was one supplier based on our survey whose position was not aligned with a rollover from August 2020. However, as all other buyers and sellers have agreed to this rollover, IHS Markit is calling the market settled.