Olefins Prices Firm in U.S. and Europe

Prices for feedstocks in North America firmed this week. Ethane gained about 3 cts/gal, propane gained a penny and tacked on 4 cts/gal. Butane, however, was lower by about 3 cts/gal. Among spot olefins, ethylene fell about a penny, as did PGP and CGP. Butadiene ticked lower by 3 cts/lb. With primary hydrocarbon prices temporarily stable, petrochemical prices were able to trade this week on their own market forces rather than feedstock concerns, players say. Spot naphtha in northwest Europe angled higher by $20/m.t. which was enough to arrest the multi-week slide...

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