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August ethylene contracts start to settle in US

by ChemOrbis Editorial Team -
  • 02/09/2015 (10:32)
According to market sources, August ethylene contracts are starting to settle in the US. The initial settlements indicate a decrease of 3.25 cents/lb ($72/ton) from July, bringing the August contract level to 29.5 cents/lb ($650/ton).

If the new settlement sees widespread acceptance in the market, it will represent the lowest levels seen since May 2009, according to sources.
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