US spot ethylene at 30-month low

Commodities , Energy , ethylene , USA Dec 13, 2014 No Comments

US spot ethylene at 30-month lowFront-month December material traded at 41.750 cents/lb ($920/tonne), its lowest since a trade at 41.625 cents/lb during the week ended 22 June 2012. Spot ethylene prices have fallen more than 30 cents/lb since peaking in September, tracking improved supply, softer demand and plunging global energy markets, as global energy values have fallen enough to make overseas derivatives more competitive.

Sources said it remains unclear where the floor for ethylene is, but said prices have not fallen as much as global energy values, so downward movement remains possible.

Via US spot ethylene closes week at 30-month low on improved supply – ICIS

Pascal Blanc

Pascal has implemented numerous software solutions in the areas of procurement, sourcing, spend management, supplier evaluation and performance. His clients include Fortune 500 companies in Europe, Asia and North America. He is a co-founder of Source & Procure.

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