Posted: June 2nd, 2012 | Author: Rod Sherkin | Filed under: Plastics | Tags: ethylene, plastics | No Comments »
U.S. prices for the chemical building block ethylene reached a seven-month low in May, dropping below 50 cents per pound, according to PetroChem Wire, a daily newsletter serving the petrochemical industry.
Reduced ethylene production due to plant maintenance closures supported the ethylene market earlier in the second quarter. Ethylene peaked at just over 75 cents per pound at the beginning of April. On May 31 it traded at 46.5 cents per pound.
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Posted: May 14th, 2011 | Author: Rod Sherkin | Filed under: Plastics | Tags: ethylene | No Comments »
US ethylene spot prices rose by 5% in the last three days, market sources said on Friday, citing growing fears that flooding will affect operations at crackers near the Mississippi river.
Ethylene for May traded at 70.50 cents/lb ($1,554/tonne, €1,088/tonne) on Friday, up from deals done at 67 cents/lb early in the week.
Market sources said the surge in spot prices stemmed from concerns that expected flooding next week could disrupt production at a number of crackers near the Mississippi river in Louisiana.
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Posted: April 20th, 2011 | Author: Rod Sherkin | Filed under: Plastics | Tags: crude oil, ethylene | No Comments »
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.