07 February 2014 17:21 [Source: ICIS news]
HOUSTON (ICIS)--US January ethylene contracts reached an initial settlement up 4.1% on higher feedstock costs, sources said on Friday.
The 2.00 cent/lb ($44/tonne) increase puts January contracts at 50.25 cents/lb, up from the December settlement of 48.25 cents/lb.
Ethylene spot prices also climbed slightly during the month as demand was said to be steady to slightly stronger.
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