Olefins Mostly Up in Europe, U.S.

With little direction from primary hydrocarbons, petrochemical markets languished in late summer doldrums this week. Prices for crude oil rose only about half a dollar a barrel, while natural gas ticked only nominally higher. U.S. feedstocks were mostly down, with naphtha lower by 7 cts/gal, propane down by 5 ct/gal and butane off 9 cts/gal. Ethane, however, was up about 2 cts/gal. Among North American olefins, spot ethylene lost 2 cts/lb, while both spot propylene and butadiene were up about 2 cts/lb. An ethylene contract settlement for July and August ethylene...

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