07 October 2008 23:51 [Source: ICIS news]
No ethylene spot deals were heard, but the monomer was offered at 55 cents/lb ($1,213/tonne or €898/tonne) on the Equistar system and at 49 cents/lb for Williams delivery.
Ethylene was last heard traded on 3 October at 56.00 cents/lb on the Equistar system, while the last Williams deal was heard on 2 October at 51.75 cents/lb.
On the propylene side, refinery-grade propylene (RGP) was offered on Tuesday at 47 cents/lb with a bid at 40 cents/lb, according to market sources.
RGP was last heard traded on 3 October at 44 cents/lb for a rail-delivery deal, which usually trades at a discount to pipeline transactions.
The last RGP pipeline deal was heard on 2 October at 50.25 cents/lb.
($1 = €0.74)
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