AFPM ’14: March ethylene could fall slightly on weaker feedstocks

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.

The buyer pointed to weaker feedstock costs for ethane and propane, as well as weaker spot ethylene prices during the month of March, as reasons for the decline.

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.

By: John Dietrich

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