August ethylene contracts expected to rollover from July in Brazil

Ethylene contract prices for the month of August are expected to rollover from July levels in Brazil. July ethylene price for Brazil’s domestic market has been heard at US$1215/MT FOB as per Platts. Fluctuation in exchange rate between the dollar and reals resulted in a €12/MT rise in July. Ethylene contract prices in Brazil generally follow the trend of European contract movements, but with a month lag. As a result, Brazil’s domestic market for derivative polyethylene should see stable offers from Braskem for August.
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