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European olefins: Propylene pushes for the "most valuable light olefin" title
Report summary
The July European monthly contract price (MCP) for propylene today settled at 1032 Euro/ton, a rollover from the June settlement. The July ethylene MCP settled a few days earlier at a reduction of 15 Euro/ton. Following higher pricing in May, crude oil and naphtha prices have eased through June (in Euro terms), this supported a reduction in the ethylene settlement.
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- European olefins: Propylene pushes for the "most valuable light olefin" title
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