IHS Chemical Week

Most Olefins Contracts Settle in U.S.

2:37 PM MDT | October 7, 2010 | Lindsey Bewley

 Crude oil shot higher this week, but not all petrochemicals were able to grab on of the ride. West Texas Intermediate soared more than $10/bbl to $82.82/bbl, while Brent crude sprang forward $7.76/bbl to $84.37/bbl. Natural gas prices, however, were left out in the cold, tumbling more than half a dollar to $3.51/million Btu on the Henry Hub. Spot naphtha in northwest Europe rose in concert with crude, rising $50/m.t. North American ethylene contracts for October rolled over at 39 cts/lb, while spot material was down about 2 cts/lb, to 34.5 cts-36.5 cts/lb...

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