IHS Chemical Week

European olefins settled higher

1:06 PM MDT | August 5, 2013 | Lindsay Frost

European olefins contracts were settled for August with ethylene higher by €40/m.t. and propylene up €50/m.t., but butadiene collapsed €250/m.t. erasing a quarter of its value at a stroke. Spot naphtha ticked higher $5/m.t. but stoked by contract settlements pulled spot olefins higher. Ethylene gained €20/m.t. propylene added €10/m.t. Spot butadiene had already plunged the week...

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