This week, PP export prices raced higher in the US.
An industry source in the US informed a Polymerupdate team member, “Prices gained sharply on the back of a short supply situation resulting from production issues encountered or ongoing turnarounds at plants in the region.”
FAS Houston PP Copolymer prices were assessed at the USD 1195-1215/mt levels while PP Homopolymer prices were assessed at the USD 1150-1170/mt FAS Houston levels, both surged by USD (+110/mt) from last week.
In the domestic markets, railcar delivered PP Homopolymer injection grade prices were assessed at the 59.50-60.00 cents/lb mark.
Upstream polymer grade propylene spot prices on Thursday were assessed at the 43.50-44.00 cents/lb FOB US Gulf mark, a marginal fall of (-0.50 cents/lb) from last week.
In the contract markets, US propylene contract prices for April 2024 settled at the 48.00 cents/lb mark for Polymer grade propylene and 46.50 cents/lb mark for Chemical grade propylene. These prices represent a fall of 10.00 cents/lb from their March 2024 levels.
