Olefin contracts settle higher

Olefins contracts were settled uniformly higher in Europe. Spot naphtha was off $40/m.t. in northwest Europe, which helped cracker margins. March ethylene was settled higher by €50/m.t. ($65,) while propylene was done up €55/m.t. and butadiene agreed at an increase of €50/m.t., market sources say. In spot business, traders report that ethylene moved higher by €30/m.t., while propylene gained €20/m.t. and butadiene added...

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