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February ethylene contracts fully settle in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/03/2015 (15:01)
According to market sources, February ethylene contracts have been fully settled in the US. The new settlement was agreed at 34.75 cents/lb ($766/ton), down 0.5 cents/lb ($11/ton) from January. The new contract represents the lowest level since August, 2009.

The new settlement level was in line with market expectations as ample supply resulted in lower prices while spot ethylene prices also posted the lowest levels seen in about four and a half years.
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