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Lower Crude Prices Keep Olefins Prices Down
10:17 AM MDT | April 15, 2010 | Lindsey Bewley
The U.S. spot olefins market lost some steam this week, as demand for most olefins slightly eased, market players say. Both grades of propylene fell about 1 ct/lb, while butadiene was lower by about 2 cts/lb. However, spot ethylene continued its upward climb on increased demand, gaining about 1 ct/lb. In Europe, naphtha prices were lower by just $10/m.t., cracker operators say. Spot olefins prices held fairly steady, with propylene level, ethylene lower by about €20/m.t. and butadiene down by an average of €35/m.t., in a narrowing range, sources say...
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