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December ethylene contracts settle in US

by ChemOrbis Editorial Team -
  • 06/01/2015 (10:47)
According to market sources, December ethylene contracts have been settled in the US. The new contract stands at 38.25 cents/lb ($843/ton) FD USG, down 7.25 cents/lb ($160/ton) from November.

The decrease represents the biggest monthly drop since June 2012 while the contract settlement stands at the lowest level seen since July 2010. Sources attributed the decrease to lower spot prices along with ample supply levels for both ethylene and key derivative PE.
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