Lower Olefins Prices Reported for U.S. and Europe

Sellers ruled the roost this week in commodity petrochemical markets, with a few token exceptions. The declines were driven by fundamental lack of demand in the sector, market sources say, noting that prices for primary hydrocarbons and feedstocks were little changed, with oil slightly higher in world markets. North American natural gas was slightly lower and spot naphtha in northwest Europe was higher by a nominal $5/m.t. North American feedstocks were mostly down, with ethane losing about 7 cts/gal and propane down about 4 cts/gal. Naphtha ticked lower by a...

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