US spot ethylene up 2% this week amid slim stocks

14 July 2007 00:13  [Source: ICIS news]

HOUSTON (ICIS news)--US spot ethylene prices continued to rise on Friday, marking an increase of nearly 2% gain during the week amid sentiment that inventories were lean, market sources said.

US spot ethylene rose throughout the week from a 6 July deal done at 44.625 cents/lb $98.38/tonne), reaching 45.5 cents/lb on Friday, market sources said.

Rising spot ethylene prices also came amid strong global demand for polyethylene (PE), a key derivative market, and continued firmness in feedstock prices.

Feedstock ethane at Mont Belvieu was trading around 76.25 cents/gal on Friday, up from 74.5 cents/gal a week earlier.

Major ethylene producers include Lyondell, Chevron Phillips, and ExxonMobil.

By: Mark Quiner
+1 713 525 2653

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 29 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly