November ethylene contracts settle in US
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, November ethylene contracts have been fully settled in the US. The new settlement was agreed at 28.50 cents/lb ($628/ton), up 0.25 cents/lb ($6/ton) from October.
The increase was attributed to higher spot prices and relatively tight supply stemming from unplanned shutdowns and reduced operating rates. In October, the contract had been settled at the lowest level since December 2003.
The increase was attributed to higher spot prices and relatively tight supply stemming from unplanned shutdowns and reduced operating rates. In October, the contract had been settled at the lowest level since December 2003.
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