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Olefins Prices Mostly Down in U.S., Europe
April 26, 2012 | Lindsey Bewley
North American feedstocks were mixed. Ethane rose 2 cts/gal while propane was lower by about 2 cts/gal. Butane added 1 ct/gal. Among spot olefins in the U.S., ethylene gained a penny while butadiene and propylene were lower. Spot butadiene declined about 5 cts/lb, while both grades of propylene sank about 6 cts/lb. In Europe, the cumulative weight of several successive down weeks upstream, on top of renewed sour economic news drove spot olefins prices lower, sellers admitted. Buyers countered that the price had gotten to frothy. Spot ethylene was off...
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