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August 24, 2020 Houston reported that U.
S.
Gulf Coast spot ethylene prices hit a new high on August 24 as two storms continued to approach the Gulf Coast, sources said
.
Spot Monte Bellevue ethylene prices were at 22.
25 cents/lb, the highest level since Dec.
3, 2019, when the price was 23 cents/lb, according to Platts Energy Consulting statistics
.
Spot Choctaw ethylene prices rose 3 cents to 21 cents a pound, the highest level since Platts began assessing Choctaw ethylene prices on March 2
.
U.
S.
Gulf Coast spot ethylene prices have rebounded nearly 190%, or 13.
75 cents, from their lowest price since Platts began its assessment, and on April 7, sources recalled the price at 7.
25 cents/lb, an all-time low level
.