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November ethylene contract price settles up 0.25 cpp

HOUSTON, December 2, 2015 (PCW) -- The November ethylene NTP settled Wednesday at 28.5 cpp, an increase of 0.25 cpp from October.

The increase follows five consecutive decreases on the monthly contract since June.

A year ago, the November 2014 contract price was 45.5 cpp.

Spot ethylene traded between 20.875-24.75 cpp in November. The November 30-day weighted average was 22.630 cpp.

On Wednesday morning, December ethylene traded at 21 cpp basis Mt B-Wms and was bid/offered at midday at 20-22 cpp.

To keep up with news and market trends throughout the day, see the PCW Midday Update by clicking here.