Olefins Lower in Europe

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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