Ethylene remains on a global slide

06/22/2012

Global spot ethylene prices reflected renewed losses over the last week. The drops in Europe, Asia, and the U.S. were driven by fluctuating feedstocks, which themselves were impacted by global economic woes and limited monomer demand from downstream markets, according to ChemOrbis.

NYMEX crude futures for July delivery regained some of their previous losses in the last two trading days of the week. Futures contracts rose by a total of $1.41/barrel on Thursday and Friday, but still finished week off $0.79 cents/bbl. Over the past month, crude oil prices have plunged by nearly $10/barrel.
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