Propylene prices in the United States held steady last week, underscoring a market weighed down by weak demand and ample supply.
A U.S.-based industry source told that spot propylene saw no transactions and no price movement as persistent low demand from downstream markets and swollen inventories kept buyers sidelined. While some participants anticipate a price rebound, the same headwinds continue to cap any upward momentum.
Downstream polypropylene mirrored the standstill. Despite U.S.-origin PP being among the most competitively priced this year, sluggish demand and cheaper Asian material dulled interest. Converters and buyers remain hesitant to build stock, citing weak consumption of end products and already high inventory levels.
By Friday, polymer-grade propylene spot delivered prices were assessed unchanged at 32.50–33.00 cents per pound FD US Gulf. Refinery-grade spot delivered prices stayed flat as well, at 28.50–29.00 cents per pound FD US Gulf.
In contracts, August 2025 U.S. propylene settled at 35.50 cents per pound for polymer grade and 34.00 cents per pound for chemical grade, each down 2.00 cents from July settlements, reflecting the market’s ongoing imbalance.
