US March ethylene contracts reach initial settlement at rollover

02 April 2013 23:01  [Source: ICIS news]

HOUSTON (ICIS)--US March ethylene contracts started to settle at a rollover for the second consecutive month, sources said on Tuesday.

Market sources said US March ethylene contracts were settling at 48 cents/lb ($1,058/tonne, €825/tonne).

Some market players had expected a slight increase on higher spot prices throughout the month, as well as more expensive feedstocks.

However, buyers said supply has been healthy and demand is steady at best.

($1 = €0.78)

By: John Dietrich

AddThis Social Bookmark Button

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.

Printer Friendly