Spot ethylene prices in Asia, Europe and the US gained ground over the past week as rising energy costs and poor margins on ethylene production pushed sellers to raise their prices, as per Chemorbis. Ethylene demand was still described as sluggish in most regions, with some players commenting that supply and demand might begin to move back into balance as weak margins have pushed cracker operators to reduce rates.
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Tuesday, November 15, 2011
Higher energy costs push spot ethylene prices higher across the globe
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