HOUSTON (ICIS)--US front-month spot ethylene prices rebounded from a 50-month low to close the week on an uptrend, sources said on Friday.
To close the week, front-month December ethylene’s most recent trade was at 43.00 cents/lb ($948/tonne), up from the low trade of the week at 38.25 cents/lb.
Much of the rally was the result of the restart of the Evangeline Pipeline, which allowed excess product in Texas to move into Louisiana.more >>
INSIGHT: Crude price falls push petchems lower, raise price volatility
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