Propylene prices in the United States held firm on Wednesday, reflecting a market characterized by limited spot activity and a widening gap between buying and selling expectations. According to an industry source cited, the overall pricing undertone remained stable, with participants noting little incentive to adjust bids or offers.
Assessments for polymer-grade propylene (PGP) spot delivered were reported at 32.00–32.50 cents per pound FD US Gulf, unchanged from Tuesday’s levels. Similarly, refinery-grade propylene (RGP) spot delivered prices stayed flat at 28.50–29.00 cents per pound FD US Gulf, underscoring the muted pace of midweek trading.
Market observers attribute the calm to balanced supply and demand, as well as steady operations at key U.S. steam crackers and refineries. With derivative markets showing no significant uptick in consumption and feedstock costs remaining predictable, price volatility has been minimal.
Analysts suggest that unless a fresh catalyst emerges, such as a sudden change in downstream polypropylene demand or unexpected production outages, propylene prices are likely to continue hovering within their current range in the near term.
