Ethylene

Prices U.S.: 66-68 cts/lb del spot; 52.5 cts/lb del February contracts EUROPE: €1,100-1,120/m.t. cif spot; €940/m.t. del March contracts ASIA: $1,105-$1,115/m.t. fob Korea spot Outlook Global ethylene demand was about 112 million m.t. in 2009 and is forecast to grow about 4%/year, to about 116 million m.t., through 2015, says SRI Consulting (SRIC; Menlo Park, CA). Worldwide capacity was about 131 million m.t. in 2009 and is expected to grow roughly 6%/year, to about 170 million m.t., through 2015, SRIC says. More than 10 million m.t. of ethylene...

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