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Home > Industry News > US June ethylene contracts fall amid lower costs

US June ethylene contracts fall amid lower costs

US June ethylene contracts fall amid lower costs2019.07.03

US June ethylene contracts settled down by 0.75 cent/lb from May for a majority of the market as lower production costs outweighed a mid-month spot-price uptick.

The settlement puts June contracts at 23.5 cents/lb ($518/tonne) DEL (delivered).

US ethylene contract prices are typically settled at the beginning of the month for the prior month and track spot prices and production costs.

Front-month ethylene traded at 11.750-14.625 cents/lb in June amid some brief supply constraints, compared with 12.250-13.500 cents/lb in May.

Ethylene is a key petrochemical feedstock, used to make polyethylene (PE), ethylene glycol (EG) and polyvinyl chloride (PVC) among other products.

Major US ethylene producers include Chevron Phillips Chemical, DowDuPont, ExxonMobil, INEOS Olefins & Polymers, LyondellBasell and Shell Chemical.

Major U

Source: ICIS



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