US Propylene: Steady amid bearish
market sentiment■ Demand remains tepid■ Production rates declineThe US polymer-grade propylene market remained steady Nov. 16
amidmuted trading activities.Buying and selling sentiment remained thin, as no
fresh bids,offers, or trades were reported on the day by market
participants.November and December prices at 33.75 cents/lbFD USG, stable on
the day.While demand remain tepid, prices were not coming down due toupticks
seen in the oil and natural gas markets caused by geopoliticaltensions, a
source said. The source deemed the PGP market as toughdue to unclear production
directives, weak downstream demand,declining global markets and supply
length.Production rates were being cut due to oversupply of material andthin
propane dehydrogenation unit margins.US Propylene Daily Rationale









Spot polymer-grade propylene for November at 33.75cents/lb FD USG,
stable on the day Nov. 16.The...