IHS Chemical Week

European Olefins Peak

3:57 PM MDT | August 4, 2011 | Lindsey Bewley

A peak seems to have been reached in European olefins markets, with August contract for butadiene being settled at a token increase of €25/m.t. After triple-digit increases in recent months, buyers took that settlement as a high-water mark, and bid down spot business by $110/m.t. Ethylene and propylene were reported...

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