Olefins Prices Fall in U.S. and Europe

North American feedstock prices were generally lower. Ethane fell about 5 cts/gal, propane lost about 6 cts/gal, and butane while butane lost 5 cts/gal.  Among Noth American olefins, spot ethylene was higher by about 2 cts/lb, while propylene was also up about 2 cts/lb. Spot butadiene remained steady at 96 cts-98 cts/lb. Continuing economic upheaval in Europe drove spot olefins prices lower this week after a brief rally last week. Spot naphtha in northwest Europe skidded $25/m.t., while spot ethylene gave back €20/m.t. The precipitous drop in...

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