Argus Propylene Contract Index
Overview
Based on actual spot price transactions reported from the market, our APCI is:
- Published on the third Friday of each of the month
- Eliminates need for monthly bilateral contract negotiations
- Straightforward and transparent methodology
The Argus Propylene Contract Index removes price settlement delays that often carry over to the following month. The APCI also provides an unbiased contract marker that offers an alternative to the often contentious month-to-month contract negotiation process. The PDF shows the the index marker, monthly price movements, and a five-year chart comparing the APCI index with actual contract price settlements.
This price assessment is included in Argus Propylene.
Price assessment details
Published on the third Friday of each month: This allows the back office to close the month in a timely manner.
Simple and straightforward methodology: APCI is based on Argus PGP Pipeline Gulf coast 30-day Volume-Weighted Average price on Thursday of the third week of the month. An adder of 2.5 cents per pound is added to the 30-day VWA price, which accounts for transportation (pipeline) costs.
Historically accurate: Based on analysis over the past five years the 30-day VWA with a 2.5 cents per pound adder varied by only 0.3 cents per pound or 0.6% compared to the actual propylene contract settlement for that month.
Access to market specialists: This supplement is part of the Argus Global Propylene Service, where our experts know your markets and deliver daily, weekly, and monthly spot benchmarks, global industry news, and analysis of key economic drivers.
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