IHS Chemical Week

Rising feedstock prices drive petchems higher

2:48 PM MDT | October 12, 2012 | Lindsay Frost

Rising feedstock prices drove petrochemical markets generally higher this week, with some notable excepetions. Spot naphtha in northwest Europe led the way up, gaining $70/m.t. Spot olefins in Europe responded with gains of €50 ($65)/m.t. for ethylene, €30/m.t. for propylene, and $50/m.t. for butadiene, traders say. The increases are the second higher-week in a row after the October contract settlements that were lower than September—a surprise for some market...

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