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)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections