October ethylene contracts settle in the US
by ChemOrbis Editorial Team - content@chemorbis.com
According to market sources, October ethylene contracts have been settled in the US. Ethylene contracts settled down 0.25 cents/lb ($6/ton) from September at 35.5 cents/lb ($782/ton).
In the US, spot ethylene prices were reported on the week at around 24-28 cents/lb ($529-617/ton), down 4 cents/lb ($88/ton) from a week earlier.
Market expectations were calling for a rollover to 2 cent/lb ($44/ton) drop for the October ethylene contract in the US.
The drop was attributed to sellers looking to lower inventories before the year-end and maintenance works about to finish.
In the US, spot ethylene prices were reported on the week at around 24-28 cents/lb ($529-617/ton), down 4 cents/lb ($88/ton) from a week earlier.
Market expectations were calling for a rollover to 2 cent/lb ($44/ton) drop for the October ethylene contract in the US.
The drop was attributed to sellers looking to lower inventories before the year-end and maintenance works about to finish.
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