NewsFlashUS ethylene for Nov begins to settle at down 2 cents/lb

04 December 2012 16:22  [Source: ICIS news]

HOUSTON (ICIS)--US ethylene contracts for November began to settle at a reduction of 2 cents/lb ($44/tonne, €34/tonne), market sources said on Tuesday.

The drop puts the contract at 45.25 cents/lb.

The monthly contract had been expected to drop as a result of lower spot prices and reduced ethane costs last month.

($1 = €0.77)

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By: William Lemos
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