IHS Chemical Week

European Olefins Prices Remain Unchanged

9:46 AM MST | February 23, 2012 | Lindsey Bewley

After six weeks of intense action in the New Year, petrochemical markets took a breather this week, traders say. Activity did not slack as much as prices were reported to be choppy and without clear direction. Sellers were keen to continue their gains, but buyers were reassessing their needs. Spot naphtha gained a hearty $20/m.t. in northwest Europe, but spot olefins markets were said to be unmoved. Prices were near contract levels, and buying interest was reportedly...

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