Petchem Prices Ease

As widely anticipated, primary petrochemical markets came off recent highs, players say. After supply-driven increases over several weeks, most market participants expected some correction. Spot naphtha in northwest Europe was said to be off by $70/m.t. In response, spot olefins prices eased off, but only slightly. Ethylene was said to be down €30/m.t. and propylene by €20/m.t. Spot butadiene slipped $50/m.t., while both polymer and chemical-grade propylene prices...

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