June ethylene contracts settle lower in US

The US ethylene market moved lower in June, with the monthly contract price settling below May levels amid softer market conditions. According to market participants, the June ethylene contract was finalized at 32 cents/lb FD US Gulf Coast, reflecting a decline of 3.5 cents/lb compared to the previous month.

Meanwhile, spot ethylene values remained significantly below contract levels. Market data indicated that spot prices were last reported at around 22.1 cents/lb FD US Gulf Coast, highlighting the gap between contract and spot market valuations.

The latest settlement points to continued pressure in the US ethylene market as participants monitor supply-demand fundamentals and feedstock trends.

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