US ethylene margins fall nearly 4% on weaker spot prices

Plastics Apr 20, 2011 No Comments

ethylene
US ethylene spot prices fell sharply during the week ended 15 April, dropping by 10% to 58.50 cents/lb in one day on pressure from lower ethane and crude oil prices early in the week.

US ethylene margins fell by nearly 4% in the second week of April following a drop in ethylene spot prices, the ICIS margin report showed on Monday.

Ethylene spot margins were at 32.54 cents/lb ($717/tonne, €495/tonne) last week, down from 33.81 cents/lb in the previous week, using ethane as a feedstock.

Crude oil prices fell after a large US investment bank warned its clients that prices had climbed far above the values supported by market fundamentals.

The comment spooked investors, causing the front-month West Texas Intermediate (WTI) contract to shed 6% in only two days.

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via Textile News – USA : US ethylene margins fall nearly 4% on weaker spot prices.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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