IHS Chemical Week

Olefin prices stagnant despite plant outages

11:27 AM MDT | May 17, 2013 | Lindsay Frost

A rash of outages, planned and unplanned, has stricken European olefins plants—with Total, BP, and Versalis among those having steam crackers out of service or running at reduced rates. In a telling note on the state of the European spot market, the initial effect on prices was nothing. To be sure, prices ended their multiweek slide. But there was no buying rush or even bounce in the market, nor did players say they anticipated one. Butane was down to $1.24/gal, while propane was down to 94...

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