IHS Chemical Week

Contract Settlements Dominate Petchem Markets in Europe

11:44 AM MDT | November 4, 2010 | Lindsey Bewley

Contract settlements predominated petrochemical markets this week, players say. For the most part sellers reported those to be higher, saying they were supported by stronger-than-anticipated demand. Spot naphtha in northwest Europe was higher by $30/m.t. At the cold end of the crackers in Europe the November contract for ethylene was settled at an increase of €28/m.t. while propylene was agreed higher by €18/m.t. Butadiene was settled lower by €75/m.t. as it continues to retreat from summer highs. On the spot side little business was...

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