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US ethylene margins jump 5.7% on increase in spot values
HOUSTON (ICIS)—US ethylene margins jumped by 5.7% week on week for the week ended 17 May, the ICIS margin report showed on Monday.
US ethylene margins for ethane-based material were assessed at 52.22 cents/lb ($1,151/tonne, €898/tonne), up from the previous week’s levels of 49.41 cents/lb.
The jump restored ethylene margins above the 50 cent/lb level, where they had been for all of 2013 save for the past two weeks.
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