US ethylene margins fall by 4% in Nov second week on lower spot prices

US ethylene margins fell by 4% in the second week of November under pressure from lower ethylene spot prices, as per ICIS margin report. Ethylene spot margins were assessed at 43.36 cents/lb (US$956/ton) using ethane as a feedstock, down from 45.12 cents/lb a week earlier. The reduction followed a drop in ethylene spot prices, which last week traded at 53.250 cents/lb for November delivery, down from 55.000 cents/lb in the previous week as a result of weaker demand. US ethylene for November was offered at 52 cents/lb on Monday against a bid at 50.75 cents/lb. Mont Belvieu ethane firmed up slightly from Friday to 29.50 cents/gal, trending upward along with other energy commodities. Ethane accounts for around 60% of the feedstocks used to make ethylene in the US. US ethylene spot margins have averaged 43.69 cents/lb so far in 2012, up by nearly 60% from an average 27.47 cents/lb in 2011.
  More News  Post Your Comment
{{comment.Name}} made a post.




There are no comments to display. Be the first one to comment!


Name Required.


Email Id Required.

Email Id Not Valid.


Mobile Required.

Email ID and Mobile Number are kept private and will not be shown publicly.

Message Required.

Click to Change image  Refresh Captcha