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LATEST NEWS: August ethylene contracts settle in Europe

by ChemOrbis Editorial Team -
  • 01/08/2019 (08:38)
According to market sources, August ethylene contracts have settled in Europe. The settlement indicated a €10/ton ($11/ton) increase from July at €1010/ton ($1116/ton with the recent parity) FD NWE.

The new level came as a surprise to most players as they were initially expecting the August contract to settle stable to slightly lower due to weaker spot ethylene prices.

In Europe, spot ethylene prices were last reported at around €820/ton ($906/ton) FD NWE, down by around €80/ton ($88/ton) from the beginning of July.
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