Weak olefins market in start of year

Olefins markets started 2013 in a lackluster fashion, with feedstock naphtha in northwest Europe slipping $20/m.t. The ethylene contract in Europe was rolled from December levels, but propylene was agreed lower by €13 ($17)/m.t. while butadiene accelerated its declines from record highs with another decrease of €75/m.t. Among spot transactions, traders reported ethylene lower by €30/m.t., while butadiene tumbled...

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