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US spot ethylene moves to record highs on tight supply

US spot ethylene moves to record highs on tight supply

HOUSTON (ICIS)--US front-month spot ethylene moved to record highs on Friday, tracking tight supply and low inventories.

Sources said front-month September material was done twice on Friday at 76.5 cents/lb ($1,687/tonne), the highest price recorded in the ICIS database.

The previous record high was 76.125 cents/lb, done during the week ended 13 April 2012 and once again on Friday.

The record high prices in the benchmark Williams System stem from current production issues and low inventories.

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