IHS Chemical Week

Olefins Lower in Europe

11:30 AM MDT | May 19, 2011 | Lindsey Bewley

Buyers ruled petrochemical markets this week, running the table with sizeable decreases in all major commodities. The pace was set with spot naphtha in northwest Europe, lower by $70/m.t. That combined with news that Dow was restarting its steam cracker at Terneuzen, the Netherlands pushed spot ethylene lower by €10/m.t. and spot propylene lower by €20/m.t. Butadiene numbers were notionally lower by an average of...

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