According to Anxun News Houston on September 7th, the sharp increase in the cost of upstream ethane raw materials drove the US ethylene spot price to a new high in the past six months. On September 6, the US ethylene spot price rose to 19.25 cents/lb ($424/ Ton).
On September 6, September, the monthly ethylene spot trading price rose sharply from last week's August, the monthly ethylene spot trading price of 16.25 cents / lb.
The sharp rise in the spot price of ethylene in the United States was mainly driven by the sharp rise in the price of upstream ethane feedstock. The price of ethane raw materials in the United States rose from 40.625 cents per gallon at the end of last week to 44.75 cents per gallon. The raw material of the cracking unit.