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June ethylene contracts settle in US

by ChemOrbis Editorial Team -
  • 02/07/2015 (13:06)
According to market sources, June ethylene contracts are beginning to settle in the US. The new settlement was agreed with a decrease of 0.75 cents/lb ($17/ton) from May at 33.75 cents/lb ($744/ton). The decrease was attributed to increasing supplies levels.

If the contract finds widespread acceptance, it would be the lowest settlement seen since August 2009, stated sources.
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