IHS Chemical Week

Economics :: Prices

CW Price Report


3:41 AM MST | March 3, 2009

Spot naphtha in Europe slipped $10/m.t. last week, affected by increases in crude oil prices. However, steam cracker operators got the chance to restore margin with spot ethylene prices up €60/m.t. on top of the previous weeks’ gains. All three March olefins contracts have settled in Europe. Ethylene was settled at an €85/m.t. increase, while propylene rose by €42/m.t. However, butadiene fell €30/m.t. to €395/m.t. North American spot ethylene rose about 5 cts/lb, to 33 cts/lb for March delivery, though February contracts have not...

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