IHS Chemical Week

Petchem prices vary

1:36 PM MDT | September 16, 2013 | Lindsay Frost

Primary petrochemical prices were mixed this week, as crude oil prices moderated and supply-demand balances within the sector became the driver of pricing directions. Spot naphtha in northwest Europe was lower $30/m.t. as the likelihood of near-term military action in Syria abated. That reduction in feedstocks was icing on the cake for olefins producers, they say, as they secured an increase of €60/m.t. in the September propylene contract settlement in Europe. That late-breaking agreement shot spot business higher by €100/m.t. after the market was in...

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