US ethylene reaches 53-month low following production startups

摘要

Houston — US spot ethylene was at a 53-month low Tuesday after declining 1.25 cents to be assessed at 34.5-35 cents/lb FD USG for February delivery, while the March assessment was down 0.75 cent at 35-35.5 cents/lb FD USG following market following talks of restarts at two major producers. Tuesday’s front-month spot assessment is the lowest since September 27, 2010, when the ethylene assessment was 34.125 cents/lb FD USG, Platts data showed.