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US March ethylene contracts expected to drop slightly

US March ethylene contracts expected to drop slightly

HOUSTON (ICIS)--US March ethylene contracts are expected to experience a slight decline on weaker spot prices and steady cash costs, sources said on Wednesday.

Market players have said that the March monthly spot ethylene price was down around 2 cents/lb ($44/tonne) in Texas, owing to long supply and soft-to-steady demand.

Although spot prices spiked in Louisiana, buyers said this was due to mitigating circumstances and didn’t reflect a true spot market.

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