-
Mont Belvieu's prices fall, Choctaw stable-
Market sentiment is bearish



According
to market participants, US ethylene spot market prices fell on Tuesday as
traders' sentiment increased. Mont Belvieu Ethylene was traded multiple times
Nov. 8 and the market price dropped. The November and December Mont
Belvieu Mont Belvieu ethylene prices fell 0.125 cents on the day to 21.375
cents/lb FDE Mont Belvieu. This maintained the flat market structure. According
to market sources, both December and November were traded multiplely at
21.375c/lb MtB pipe. Choctaw prices remained unchanged at 20.25 and 20.75
cents/lb MtB-pipe, respectively. The November prices were within the
respective bid-offer levels, while December maintained its previous market
structure. According to market sources, there was no indication that
prices fell slightly. Sources previously stated that US ethylene demand is
still very low as the...