Polymer grade propylene (PGP) prices in the United States advanced on Monday, supported by healthy trading activity and improved buying interest. An industry source in the US told a Polymerduniya team member that spot values gained ground as active deals in the market signaled firmer sentiment compared to the previous week. Spot delivered PGP was assessed at 32.00–32.50 cents/lb FD US Gulf, marking an increase of 0.50 cents/lb from last Friday’s levels. Market participants noted that steady demand from downstream polypropylene producers also lent support to the price rise, reinforcing the stronger tone in trading.
In contrast, refinery grade propylene (RGP) prices remained unchanged at the start of the week. Spot delivered RGP was assessed at 30.50–31.00 cents/lb FD US Gulf, holding flat from last week’s levels. Sources indicated that balanced availability and moderate demand kept RGP prices stable, even as PGP saw some upward movement.
Industry watchers commented that the divergence between the two grades highlights different dynamics at play, with PGP benefiting from increased end-user requirements while RGP continues to reflect a more balanced market structure. Overall sentiment in the US propylene sector remains cautiously optimistic, with near-term price direction expected to be influenced by downstream consumption patterns and broader energy market trends.
