The US spot ethylene market reached price levels not seen since January and May 2022 in the week to Aug. 16, continuing its upward trend year to date.

Platts assessed August spot Mont Belvieu ethylene at 33 cents/lb Aug. 15. These levels were last seen on May 5, 2022, when it was assessed at 33.25 cents/lb, according to Platts historical data. For spot Choctaw ethylene, the peak was reached Aug. 13 at 38 cents/lb, the highest level since Jan. 25, 2022, when it was assessed at 40.50 cents/lb.

Source: S&P Global