US May ethylene CP settles 2.25 cents/lb higher on month: sources

US chemical companies settled the May ethylene contract price at 35.50 cents/lb, up 0.75 cents/lb month over month, market sources confirmed June 1. The CP is negotiated based on monthly spot ethylene pricing and feedstock ethane movements, which directly impact production costs. In May, spot ethylene prices trended lower as inventories remained high and downstream demand was subdued. SpotUS chemical companies settled the May ethylene contract price at 35.50 cents/lb, up 0.75 cents/lb month over month, market sources confirmed June 1. The CP is negotiated based on monthly spot ethylene pricing and feedstock ethane movements, which directly impact production costs. In May, spot ethylene prices trended lower as inventories remained high and downstream demand was subdued. SpotRead More