|2019-12-06 来源： 中国石化新闻网|
统计数据显示，现货聚合物级丙烯价格周四被评估为每磅29.25美分FD USG，而最近一次下跌是在2016年3月4日，当时被评估为每磅28.75美分FD USG。
李峻 编译自 全球石化新闻
US spot propylene drops to three-year low
US spot polymer-grade propylene prices fell 1.25 cents Thursday to hit their lowest level in more than three years, with market sources attributing the drop to downstream oversupply and weakening demand.
Spot PGP was assessed Thursday at 29.25 cents/lb FD USG and was last lower on March 4, 2016, when it was assessed at 28.75 cents/lb FD USG, according to data.
Sources said the weaker downstream polypropylene demand has contributed to an oversupply of propylene and consequently weaker pricing.
"Operating rates at crackers and refineries are decent so supply is up, [arbitrage] has been shut for some time," said one trade source, adding this "all leads to more propylene."
Sources also talked about unconfirmed production issues for downstream propylene oxide following TPC's explosion on November 27 in Port Neches.
Spot PGP has fallen nearly 9% since November 27, according to data.
Market expectations for December propylene contract settlements call for a drop of 3.5-4.5 cents/lb.