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January ethylene contracts start to settle in US

by ChemOrbis Editorial Team -
  • 03/02/2016 (10:34)
According to market sources, January ethylene contracts are settling in the US. The new settlement was agreed with a decrease of 1 cent/lb ($22/ton) from December at 24.75 cents/lb ($545/ton).

If this settlement is widely accepted in the market, it will indicate the lowest level seen since 2003, when January contracts were settled at 24 cents/lb ($529/ton).

The drop was attributed to weaker spot prices and lower feedstock costs.
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