05 October 2012 23:00 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--US ethylene oxide (EO) contract values for September were assessed higher by 1.80 cents/lb ($40/tonne, €31/tonne) on Friday.
EO was assessed at 51.60-61.10 cents/lb, according to ICIS. The formula-based pricing is contingent upon the monthly ethylene contract settlement.
US ethylene contracts for September rose by nearly 5% this week, reflecting higher spot prices.
The settlement puts the September ethylene contract at 48.25 cents/lb, up by 2.25 cents/lb from August.
($1 = €0.77)
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