Ethylene Margins Remain Negative Despite Price Hike

U.S. ethylene producers cut their losses in January with average ethylene margins of -2 cts/lb, compared with -4 cts/lb in December, analysts say. Margins remained negative despite a 3-cts/lb increase in contract prices. The January contract settlement at 31.5 cts/lb reflects a 2-cts/lb increase in production costs, combined with tighter supplies and the need for an incentive to make more product following a steep fall in margins in December, market sources say. Contract ethylene margins continue to hover slightly above break even, improving by 1 ct/lb, to 2...

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