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US spot ethylene prices hit 29-month high on continuing tightness

US spot ethylene prices hit 29-month high on continuing tightness

HOUSTON (ICIS)--US spot ethylene prices hit a 29-month high on Tuesday on the back of two trades, tracking continued tight supply and low inventory levels.

Sources said front-month Williams System ethylene traded at 74 cents/lb ($1,631/tonne) and then 75 cents/lb, up from a trade at 73 cents/lb the previous day.

These are the highest front-month trades since a deal done at 76.125 cents/lb during the week ended 13 April 2012.

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