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October ethylene contracts settle lower in US

by ChemOrbis Editorial Team -
  • 05/11/2015 (10:17)
According to market sources, October ethylene contracts have been settled in the US. The new settlement stands at 28.25 cents/lb ($623/ton), down 0.25 cents/lb ($6/ton) from September.

The October settlement indicates the lowest level since the 27.75 cents/lb ($612/ton) settlement in December 2003. Market expectations had called for a decrease of 1-2 cents/lb ($22-44/ton) from September due to high inventory levels and weakening spot prices in the middle of the month.
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