Key Highlights
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US polymer grade propylene prices rebounded in late December.
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A *.* million-barrel inventory draw tightened merchant availability.
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High LPG export tariffs constrained propane feedstock and PDH supply.
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Broader crude market tensions lifted overall energy and cost expectations.
US propylene prices experienced a rally in the last week of December ****, ending a long bearish streak as market balance tightened was a strong鈥俿upport to this reversal. Polymer Grade Propylene (PGP) DEL US Gulf rose to USD ***/MT for the鈥倃eek ended on ** December, gaining USD **/MT or +*.*** w/w from the week prior鈥檚 USD ***/MT.
A major push to the recent rally was a surprise *.* MMbbl drawdown in US propylene inventories reported for the week ending December **, which significantly tightened merchant availability and led to increased buying interest from converters and traders. The drawdown indicated stronger physical demand and less oversupply, which led to...
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