IHS Chemical Week

Olefins Prices Mostly Down on Financial Sector News

12:18 PM MDT | August 18, 2011 | Lindsey Bewley

Volatility in financial markets and falling prices in the energy segment led prices of commodity chemicals to stumble in mid-August. U.S. butadiene spot prices tumbled 10 cts/lb, to 189 cts-191 cts/lb. On the contract side, August contracts reached a split settlement, with three producers settling up 5 cts/lb, to $1.75/lb, and a fourth producer settling up 11 cts/lb, to $1.86/lb, players say.   Spot prices for polymer-grade propylene (PGP) and chemical-grade propylene (CGP) slightly declined by about 2 cts/lb, on falling crude oil prices, putting PGP at...

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