Contract Settlements Dominate Petchem Markets in Europe

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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