in this issue
Markets :: Basic Chemicals :: Petrochemicals :: Ethylene
Ethylene Falls to Near 10-Year Low
10:58 AM MDT | June 5, 2012 | Lindsey Bewley
U.S. ethylene contracts for the month of May have settled at a decrease of 9 cts/lb, to 46.25 cts/lb, on lower spot prices and reduced production costs. The settlement reflects a 16% decrease from April levels and is nearly a 10-year low. Spot ethylene for June delivery recently traded at 40.75 cts/lb on June 4, down from a deal done at 42 cts/lb on June 1. However, since cash costs are testing low levels not seen in a decade, margins are still robust, according to IHS Chemical. Ethane prices, meanwhile, continue to decline as prices feel the...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee