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US ethylene contract fully settles for April
HOUSTON, May 3, 2016 (PCW) -– US ethylene contracts found marketwide agreement Tuesday morning at 30.5 cpp, up 0.75 cpp from March.
The April contract price is the highest seen since July 2015, when the contract settled at 32.75 cpp. Contracts begin this year at 24.75 cpp in January.
Spot ethylene was trading lower Tuesday morning, with May deals seen at 25 cpp and 24.875 cpp, basis Mt Belvieu-Williams hub. The weighted average price for Mt Belvieu spot ethylene was 26.174 cpp in April. -- Kathy Hall
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