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U.S. prices for the chemical building block ethylene recovered somewhat at the end of June from the lowest level in 20 months as short-term supply concerns briefly resurfaced, according to PetroChem Wire, a daily newsletter serving the petrochemical industry.

The ethylene price touched 39.5 cents per pound on June 13, extending its drop from a seven-year high of 75.12 cents per pound on April 5 after unplanned plant outages and scheduled maintenance caused supply to fall short of demand. The June 13 price was the lowest since October 22, 2010.

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