Petrochem Wire: July Nymex Ethylene Prices Drop ; Building Block Chemical's 15% Percent Price Decline Defies Crude Market Gains

U.S. Newswire › June 25, 2010

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Summary

HOUSTON, June 25 /PRNewswire/ -- U.S. ethylene prices fell in June, with the July New York Mercantile Exchange's (NYMEX) cleared ethylene settling and expiring at $0.34 per pound. The contract, which began trading in July 2009, settled for June last month at $0.40 per pound.

Ethylene trades in 100,000-pound lots per contract on the NYMEX's Clearport system and is a building block chemical used in the production of plastic resins and a variety of solvent chemicals, all used in major consumer manufacturing products.

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Petrochem Wire: July Nymex Ethylene Prices Drop ; Building Block Chemical's 15% Percent Price Decline Defies Crude Market Gains

In the overall cash markets, July ethylene has been trading in the $0.33 per pound range at the start of June, dipping...

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