London — The European propylene contract price for August has settled at Eur1,040/mt FD NWE, up Eur8 from July, several market sources confirmed Tuesday.
Propylene supplies in Europe are currently seen tighter as compared with other olefins, with cracking of lighter feedstocks by crackers across the continent being cited as the reason.
S&P Global Platts propylene contract price indicator (PEI) for August, based on the spot prices of feedstock naphtha and various co-products produced by steam crackers, showed a rise of Eur4 from July and was last assessed at Eur1,036/mt FD NWE on Tuesday.
