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Chemical Week Magazine :: Basic Chemicals & Plastics
Ethylene demand soft in North America
7:10 AM MST | November 30, 2012 | —Clay Boswell
ethylene spot prices have fallen steadily in North America since September, and they may fall through December if demand continues to soften. The trend reflects year-end destocking, an annual practice driven by tax considerations—but other issues have also played a role, say analysts at IHS Chemical. Ethylene spot prices were on the rise for most of the summer, having bottomed out at 39.5–42 cts/lb del US Gulf Coast during the week ended 15 June. Prices peaked at 59.5–61.5 cts/lb during the week ended 7 September, according to assessments by IHS...
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