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UPDATE: US May ethylene contracts fully settle with a month-on-month decrease
HOUSTON, June 2, 2016 (PCW) -– US ethylene contracts for May were fully settled Thursday morning at 30 cpp, down 0.5 cpp from April.
This is the first decrease the contract price has seen since January, when it settled at 24.75 cpp, down 1 cpp from December 2015.
Spot ethylene prices traded lower Wednesday, finishing the day at 24.5 cpp, down from its last done level of 25 cpp on Tuesday.
Spot ethylene prices trended lower throughout the month of May, trading between 24.875-25.5 cpp and ultimately closed out the month down 0.375 cpp. The weighted average price for May for Mont Belvieu spot ethylene was 25.182 cpp. -- Samantha Hartke