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U.S. Ethylene Contracts for June Fall 3%
11:20 AM MDT | July 8, 2011 | Lindsey Bewley
U.S. ethylene contracts have definitively settled at a 1.75 cts/lb decrease for the month of June, to 56.75 cts/lb. The June settlement represents a 3% decrease from May contracts. Previously reported price settlements of 55 cts/lb were on the low side, sources say. Final settlements were confirmed at 56.75 cts/lb. Lower spot ethylene prices drove producers to drop June prices, sources...
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