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)
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