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In USA September contract price fell after decline in spot values

October 04/2011

(ICIS) -- US ethylene contracts for September settled at 54.50 cents/lb (USD 1,202/tonne, EUR 902/tonne), down by 1 cent/lb from August, market sources said on Monday. The fall in the September contract price follows a decline in spot values of over 20% for the month as a whole.
Market participants had expected ethylene contracts to drop in September, but only slightly, after a surge in ethane prices last month largely offset a 22% drop in ethylene spot prices. Spot prices for prompt deliveries were assessed on 30 September at 49.00Ц50.25 cents/lb DEL (delivered).

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