IHS Chemical Week

U.S. Ethylene Prices Climbing Higher

8:48 AM MDT | April 5, 2011 | Lindsey Bewley

 U.S. ethylene contracts have settled for the month of March, up 4.75 cts/lb, to 53.75 cts/lb. The increase represents a nearly 10% premium over February contracts. With ethane prices steadily climbing and ethylene derivatives flying off the shelves in the export market, producers were keen to secure an increase, players say. Higher spot ethylene values also factored in to the March settlement, players say. Spot has risen from about 54 cts/lb in early March to 62 cts-63 cts/lb in early April.  Meanwhile, supply has been limited amid healthy demand...

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