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March ethylene contracts settle in US

by ChemOrbis Editorial Team -
  • 05/04/2017 (13:53)
According to market sources, March ethylene contracts have been settled in the US. Ethylene contracts settled down 5.75 cents/lb ($127/ton) from February at 30 cents/lb ($661/ton).

The size of the decrease in March contracts was in line with the market expectations, which were calling for a decrease of 4-6 cents/lb ($88-132/ton).

The fall was attributed to the rise in supply following the returns of steam crackers in the US from maintenance turnarounds.

In the US, spot ethylene prices were reported at around 28 cents/lb ($617/ton), stable from a week earlier and up by 1 cents/lb ($22/ton) from early March.
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