Refinery grade propylene prices in the United States edged lower on Tuesday as the market grappled with sluggish demand and plentiful material availability.
An industry source in the U.S., speaking on condition of anonymity, told a correspondent that market fundamentals remained largely bearish. The combination of lackluster downstream demand and oversupply conditions exerted pressure on spot pricing, forcing values to move downward.
Refinery grade spot delivered propylene was assessed at 28.50-29.00 cents/lb FD US Gulf, marking a decline of 3 cents/lb from Monday’s levels. In contrast, polymer grade spot delivered propylene prices held steady, assessed at 32.00-32.50 cents/lb FD US Gulf, unchanged from the previous session.
The contrasting trend highlights the subdued outlook for refinery grade propylene, where demand weakness and oversupply continue to weigh on sentiment, while polymer grade propylene demonstrates greater price stability amid current market dynamics.
