IHS Chemical Week

Olefins Prices Firm in U.S. and Europe

8:13 AM MDT | September 23, 2010 | Lindsey Bewley

Prices for crude oil softened this week, taking a little wind out of the sails of primary petrochemical markets. That resulted, in several cases, in widening trading ranges as microeconomics prevailed in individual markets, players say. West Texas Intermediate skidded $3.32/bbl to $72.66/bbl, while Brent crude declined by $2.09/bbl to $76.61/bbl. Spot natural gas on the Henry Hub gained a nickel to $4.02/million Btu. U.S. feedstocks were mixed. Ethane gained about 2 cts/gal, while propane added 3 cts/gal. Butane as unchanged, while naphtha lost about 3 cts/gal...

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