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January ethylene contracts settle in the US

by ChemOrbis Editorial Team -
  • 06/02/2017 (13:49)
According to market sources, January ethylene contracts have been settled in the US. Ethylene contracts settled up 1.25 cents/lb ($27.5/ton) from December at 33.50 cents/lb ($738/ton).

The size of the increase in January contracts was in line with the market expectations, which were calling for an increase of 1-2 cent/lb ($22-44/ton).

The rise was attributed to the planned and unplanned outages in the US Gulf Coast in January.

In the US, spot ethylene prices were reported on the week at around 36 cents/lb ($793/ton),up 3 cent/lb ($66) from a week earlier and by 10 cents/lb ($220/ton) from early January.
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