COMMENTARY

European butadiene contracts have settled for the second quarter at a €25/m.t. increase, to €895/m.t. del, a record high. Strong demand and tight supplies boosted prices, market players say. European spot olefins prices held generally stable, with prompt ethylene easing just €10/m.t., producers say. Improved demand and cracker outages boosted ethylene spot prices in the U.S. by 1 cts-1.5 cts/lb last week. Propylene spot prices also advanced, around a penny last week, as strong demand from the gasoline pool boosted refinery grade propylene prices...

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