30 March 2014 00:53 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--The US March ethylene contract could experience a slight decline, a buyer said on the sidelines of the International Petrochemical Conference (IPC) on Saturday.
US spot ethylene has been trading in a narrow band of 50.00-52.75 cents/lb ($1,102-1,163/tonne) since early February, with prices skewing slightly lower in March compared with February.
The buyer said that could lead March ethylene down 1.0-1.5 cents/lb. February ethylene contracts settled at 49.5 cents/lb.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC runs through 1 April in San Antonio, Texas.
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