Most petrochemical prices dragged down

Slumping prices for primary hydrocarbons and poor economic news in Europe dragged on most petrochemical prices this week. Brent crude slipped $7/bbl, to $112/bbl, pushing spot naphtha in northwest Europe down by $40/m.t. Players say that triggered a retreat in spot olefins. Ethylene was off €50/m.t. ($65), while propylene skidded €60/m.t. and butadiene dropped...

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