U.S. Gulf Coast ethylene producers are rallying behind a 1-ct/lb increase for November. The penny increase would move ethylene contracts to 27.25 cts/lb del. Spot material has held steady at about 25 cts/lb for the past month.
Ethane is still about 35 cts/gal fob. Moderating crude oil prices led to a 4-cts/gal propane decline and a 2-cts/gal drop in butane last week.
Analysts say butadiene supplies will tighten further, spurring a price increase announcement for December. Contracts rolled over at 17 cts/lb del for November.
Benzene contracts have declined slightly on weakening oil prices, to $1.03/gal fob for November. Spot benzene also dropped last week, to $1.01-$1.03/gal.
Styrene contracts climbed 2 cts-2.5 cts/lb for October, and sellers say supply is tight enough to support …
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