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Aug, Sept ethylene contracts settle in US

by ChemOrbis Editorial Team -
  • 04/10/2017 (10:17)
According to market sources, ethylene contracts for August and September settled in the US with increases with respect to July.

Accordingly, new August and September contracts were reported at 31.25 cents/lb ($689/ton) and 35.25 cents/lb ($777/ton) respectively. Both contract levels represent an increase from July, when ethylene settled at 29.25 cents/lb ($645/ton) FD USG.

The increase in the September settlement was attributed to the devastating impact of Hurricane Harvey, which forced several producers to shut their units.
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