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US spot ethylene rebounds from 50 week low on higher demand

US spot ethylene rebounds from 50-week low on higher demand

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.

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