U.S. Ethylene Contracts Settle Higher for April

U.S. ethylene contracts for the month of April have tentatively settled at a gain of 3.5 cts/lb, to 57.25 cts/lb. The settlement represents a 6.5% premium over March contracts. The higher settlement was driven by increasing spot ethylene prices and strong demand, market sources say. Spot ethylene recently traded at about 66.75 cts/lb, up from about 65 cts/lb at the beginning of the...

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