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US front-month ethylene prices falling, still higher year on year

US front-month ethylene prices falling, still higher year on year

HOUSTON (ICIS)--US front-month October ethylene spot prices fell on Friday to early-July levels, but remain 31% higher year on year.

Front-month October ethylene traded at 58.25 cents/lb ($1,284/tonne), its lowest since a trade done at 58.00 cents/lb on 7 July.

This puts spot ethylene down 25% from its peak hit in the second half of September, on extreme supply tightness.

Weaker spot ethylene is mostly being attributed to improving supply, as a major cracker was restarted this week and several more are expected to restart in the next month.

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