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)
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)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections