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Ethylene drops in Europe but soars in US last week

02 Feb '16
1 min read

Ethylene prices dropped in Europe in the last week ended Jan 29 due to insipid market sentiments. However, due to favorable market fundamentals, average prices soared in the US.

In Europe, average prices slipped by US$ 25/ton or 2.98 per cent and were quoted at US$ 815/ton in the last week, as compared to its previous week.

In US, average prices surged by 5 cents/pound and were assessed at 20 cents/pound in the last week, up a steep 33.33 per cent as against its prior week.

ALCHEMPro News Desk – India

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