Chemical Week Magazine :: Basic Chemicals & Plastics
Two-month settlement likely for April, May US ethylene contracts
9:44 AM MDT | May 31, 2013 | —Clay Boswell
With US ethylene contracts for April and May in limbo as of 30 May, buyers and sellers are likely to focus on a two-month settlement in early June, according to a recent report from IHS Chemical. Negotiators last failed to reach a monthly settlement in November 2010, with the result that November and December 2010 were part of a two-month settlement reached in January 2011. The average spot price for ethylene in May declined about 2.25 cts/lb from April, to 57.34 cts/lb, despite a series of steam cracker outages along the US Gulf Coast, says the report. Spot...
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