Polymer grade propylene settled at $0.665 per lb. or $1466 per ton. for November while Chemical grade propylene settled at $0.65 per lb. or $1433 per ton. This is a $.01/ lb. reduction from October. Buyers’ early expectations for November pricing were more than $.01/ lb. Though showing a slight increase, the spot market for propylene did not factor in to achieve the higher reduction which some buyers were anticipating.
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