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Petrochemical prices mostly decline
9:58 AM MDT | October 7, 2013 | Lindsay Frost
Declines in most major petrochemical prices continued into this week and included most contract settlements. With spot naphtha in northwest Europe drifting down another $10/m.t., and polymer prices faltering, the October ethylene contract was agreed lower by €35/m.t. Propylene was settled down by €40/m.t., but the recovery in butadiene was affirmed with a the first contract increase in many months, a rise of €50/m.t. Spot ethylene was reported lower by €20/m.t. while spot propylene ticked off €10/m.t. In response to the higher contract...
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