US Aug ethylene reaches initial settlement at 1.1% increase

04 September 2013 22:21  [Source: ICIS news]

HOUSTON (ICIS)--US August ethylene contracts reached an initial settlement at an increase of 1.1%, sources said on Wednesday.

The initial settlement puts August ethylene contracts at 46.0 cents/lb ($1,014/tonne, €771/tonne), up by 0.5 cent/lb from July’s settlement of 45.5 cents/lb.

The increase is smaller than projected by some, and is largely supported by higher feedstock costs and steady spot prices.

($1 = €0.76)

By: John Dietrich

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