Primary hydrocarbon markets were volatile but within a narrow range this week, leaving petrochemicals without clear direction from upstream. Spot naphtha in northwest Europe was lower by $10/m.t. All the attention in European olefin markets was on contract settlements. Ethylene for November was concluded at an increase of €28/m.t. while propylene was settled at a rise of €18/m.t. After a long stretch of monthly increases, butadiene contracts were agreed lower by €75/m.t...
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