January ethylene contract settles in US
by ChemOrbis Editorial Team - content@chemorbis.com
January ethylene contracts are starting to settle in the US, according to market sources. The new contract stands at 35.25 cents/lb ($777/ton), down 3 cents/lb ($66/ton) from December.
The decrease was in line with market expectations and if the new contract finds widespread acceptance, it will represent the lowest level since September 2009.
The decrease was in line with market expectations and if the new contract finds widespread acceptance, it will represent the lowest level since September 2009.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- China HDPE market’s premium over LLDPE hits highest in a year
- Indian PVC players expect bullish trend to taper off for August
- Local PP, PE offers for July track global uptrend in Saudi Arabia
- Initial ABS prices for July see larger increases than PS in Europe
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
