IHS Chemical Week

Economics :: Prices

CW Price Report

Commentary

8:42 AM MDT | April 3, 2009

Oil and petrochemical price gains last month were reversed last week as oil costs fell, market sources say. West Texas Intermediate crude slipped $5.28/bbl and Brent crude slid $2.78/bbl, both settling at $48.20/bbl. Natural gas on the Henry Hub Index deflated by 50 cts, to $3.59/million Btu. In North America, propane fell about 4 cts/gal. Spot ethylene was flat, while the March contract remains unsettled. Spot propylene lost about 2 cts/lb for chemical grade and about 3 cts/lb for polymer grade. Spot butadiene lost 3 cts/lb. In Europe, spot naphtha declined...

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