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Economics :: Prices
Ethylene Swings Up Amid Capacity Outages
9:11 AM MST | January 16, 2009 | LINDSEY BEWLEY
Spot ethylene prices in the U.S. ticked up last week, to 24 cts-25 cts/lb, largely due to reduced production capacity, market sources say. Several spot deals were concluded at 24.5 cts/lb, a discount to the current December contract price of 28.5 cts/lb, sources say. Spot ethane is not following ethylene prices higher, providing ethylene producers with an increase in margins, market sources say. Ethane recently dropped to 37 cts/gal, from 44 cts/gal at the start of the year, sources say. “We expect ethane spot prices to increase as more ethylene capacity...
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