On Wednesday, U.S. propylene prices remained unchanged despite a muted market outlook. Polymer-grade (PGP) spot prices held at 34.50–35.00 ¢/lb FD US Gulf, while refinery-grade spot remained firm at 31.50–32.00 ¢/lb, according to an industry source who requested anonymity.
Market participants attributed the flat pricing to persistent low demand from downstream polypropylene converters and abundant spot supply. According to ChemAnalyst, weak getter activity and increased inventories in polypropylene end markets helped neutralize any price support despite stable feedstock availability.
With downstream polypropylene usage subdued, propylene demand has softened, and trading volumes remain lackluster. The absence of contract pricing momentum means both grades are likely to stay range-bound unless underlying polypropylene throughput improves significantly.
Across regions, Asia maintained its stability. A recent report noted North American PGP prices trending downward in Q2 2025 by nearly 15.5% compared to Q1, driven by ample supply and cautious procurement strategies—even amid higher crude-oil costs. Meanwhile, in APAC, propylene pricing remained soft as supply pressures continued to outweigh marginal feedstock cost inflation.
