Economics :: Prices
Petrochemical prices divided
1:21 PM MDT | May 16, 2014
As most of the May contracts were being settled sharp divisions between buyers and sellers emerged in several primary and intermediates markets, players report. May butadiene in Europe remains unsettled. As with ethylene, a wide delta exists between spot and contract prices. Spot naphtha in Europe ticked lower $10/m.t. and other spot olefins did as well: ethylene by E20/m.t. and propylene by E10/m.t. Primary aromatics were settled without fuss, but accord was absent among intermediates. May benzene in Europe was agreed higher by E29/m.t. while styrene barges were...
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