Key Highlights:
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Propylene sellers achieved modest gains amid outages at key facilities, despite higher inventories, underscoring supply tightness and resilient downstream pull as primary drivers.
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Production was reduced due to plant problems, and with spot supply being just as relatively constrained, even exports were moving up.
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September&#xx;s propylene prices look to be increasing slightly again due to seasonal demand and weather-related issues.
U.S. propylene polymer grade prices increased x.xxx in late August xxxx due to an acute supply shortages from unplanned and planned outages dominated any potential inventory builds. Spot availability was lean with outage-related issues. Even minor logistical issues or hurricane-season weather risks will escalate tightness.
On the supply side, the market grappled with significant constraints in late August. An outage at a Gulf Coast propane dehydrogenation (PDH) unit on August xx curtailed on-purpose propylene production, while...
