US  March  propylene  contract  prices  reached marketwide settlement Wednesday at a 6 

cents/lb decrease to 47 cents/lb for polymer-grade product and 45.5 cents/lb for chemical-

grade product, sources said. 

The settlement is in line with market expectations, which had been talked at a decrease of 5

-7 cents/lb. 

The decline in prices is due to thin demand and healthy availability, sources said. 

Some polypropylene producers have been heard reducing their run rates as they have little 

incentive to extend themselves beyond their contractual obligations, with buyers reluctant to 

take on spot volumes amid expectations that prices will fall. 

US spot polymer-grade propylene was assessed unchanged Tuesday at 43.75-44.25 cents/l

b FD USG for prompt-month (March) deliveries. The forward month (April) was also stable da

y on day, holding at 43.75-44.25 cents/lb FD USG. 

Refinery-grade product on a three- to 30-day basis was assessed unchanged at 29.25-29.75 

cents/lb FD USG Tuesday, tracking prompt-month PGP pricing.