IHS Chemical Week

Olefin prices climb higher in Europe

8:44 AM MST | February 18, 2014 | Lindsay Frost

European spot olefins were nominally higher this week, traders say. Spot naphtha in northwest Europe was reported higher, but by only $10/m.t. After recent tumbles, spot ethylene was said to be stabilizing, with low-ball bids being withdrawn. US butadiene hit a 4-month high with spot prices assessed at 78 cts/lb. Spot propylene was able to inch higher by €10/m.t. but against stiff resistance from...

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