Commodity Market Report
Olefins - Propylene Americas Monthly Market Overview February 2019
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Report summary
Propylene prices decreased from last month as spot PGP (polymer grade propylene) fell to about 35 cts/lb on average month to date and RGP (refinery grade propylene) held near 25.0 cts/lb. High inventories combined with strong supply is keeping prices depressed. Strengthening crude oil has reduced the amount of LPG into the cracker feedslates in our forecast, but byproduct propylene production will still be strong through 2019.
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