Divergent forward pricing hints at brighter prospects for US olefins
03.06.2020
MOSCOW (MRC) -- Backwardation in the forward price curves of natural gas liquid (NGL) feedstocks and carries in the price curves of olefin products may signal an inflection point for the US Gulf Coast (USGC) market, OPIS data show, said Chemweek.The front month-next month spread for ethylene has been in contango for much of May, while the same spread for feedstock ethane has consistently