10 December 2012 17:01 [Source: ICIS news]
The increase comes on the heels of continued weakness in the feedstock ethane market. Ethane prices fell to 10.47 cents/lb week on week from 11.68 cents/lb, a 10% drop.
Additionally, ICIS-assessed spot prices also moved higher on average, gaining 1.125 cents/lb on the high side of the range and holding steady at the lower end of the range.
Cracker co-product credits also increased week on week, up to 4.01 cents/lb from 3.93 cents/lb.
US spot ethylene for December was bid Monday at 51.75 cents/lb, lower than a deal done the previous week at 52.50 cents/lb.
($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)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections