02 October 2012 19:28 [Source: ICIS news]
HOUSTON (ICIS)--US ethylene contracts for September settled up by 2.25 cents/lb ($50/tonne, €39/tonne) at 48.25 cents/lb, market sources said on Tuesday.
The settlement, which represents a 5% increase from August, came after a jump of just over 10% in spot prices and a drop in production costs last month.
($1 = €0.78)
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