IHS Chemical Week

Most olefin prices down

9:53 AM MST | January 28, 2014 | Lindsay Frost

The battle was on this week in commodity petrochemicals, with only a scattered few winners. Spot ethylene in northwest Europe led the retreat, plummeting €150/m.t. on news that supply tightness was easing and questions were cropping up about sustained demand for derivatives. However, spot naphtha was higher by $25/m.t., in a blow to cracker margins, say sellers. The only glimmer for olefins producers, they note, is strength in spot propylene, higher by €60-70/m.t. on tightness in C3 streams from refineries. Butadiene joined the retreat, down...

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