Petchem prices trend downward

In the wake of mostly stronger contracts settlements in the early days of the month, petrochemical prices have trended mostly downward, market watchers say. The restarts of several major steam crackers in Europe have deflated spot prices, players report. Ethylene was said to be off €30 ($38)/m.t., while propylene was lower by €20/m.t. Sentiment remains downward, sellers...

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