Olefins Prices Continue to Decline

Declines persisted through the end of September in most major petrochemical markets, players say. Despite some near-term firming in crude-oil and feedstock markets, depressed demand continued to weigh on sellers. North American feedstocks were down, with propane lower by a penny, butane lower by 6 cts/gal, and naphtha falling about 15 cts/gal. Ethane was the only feedstock to gain in price, adding about 3 cts/gal. Among olefins in the U.S., spot ethylene fell abotu 5 cts/lb and both grades of propylene were lower by about 2 cts/lb. Butadiene continued its...

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