Ethylene trends down in US last week but stable in Europe

November 03, 2014 - United States Of America

Ethylene prices kept steady in Europe in the last week ending Oct 31, despite bearish buying trend in the region.

In Europe, average prices kept inert and were quoted at US$ 1180/ton last week, the same as in its previous week ending Oct 24.

In US, due to dull product demand, average prices went down by 1 cents/pound or 1.69 percent and were assessed at 58 cents/pound last week, as compared to its previous week.