COMMENTARY

U.S. spot ethylene gained 2 cts/lb and is closing in on the August contract price of 49.5 cts/lb, reflecting increasing demand for ethylene and ethylene derivatives, market sources say. Seasonal demand slackening and capacity due online in October make it unlikely prices will go above 50 cts/lb, sources say. U.S. spot propylene gained as higher crude oil costs lifted prices for refinery-grade material. U.S. butadiene contracts for September settled down a penny, reflecting a softening of demand, they add. European ethylene rose €20/m.t., while propylene...

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