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.more >>
INSIGHT: Asia polyethylene margins good but volume concerns build
"PE executives insist rebalancing will be a carefully managed and gradual process, as China cannot afford to allow growth to collapse." more
Asian Chemical Connections