IHS Chemical Week

Economics :: Prices

CW Price Report

Commentary

10:16 AM MDT | April 10, 2009

Prices for petrochemicals and primary hydrocarbons were back on the roller-coaster last week. Crude oil prices were nominally higher from the previous week’s levels but were headed below a plateau of $50/bbl at CW presstime. Natural gas on the Henry Hub Index remained unchanged at $3.59/million Btu, its lowest level in more than five years. However, spot naphtha in Europe gained $50/m.t. North American naphtha lost about 2 cts/gal, while butane fell about 3 cts/gal. Propane remained flat. March ethylene contracts are slow-going, and there may be a two-month...

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