Olefins Prices Mostly Higher in U.S. and Europe

Spot olefins prices moved higher this week, supported by the momentum of rising feedstock prices and positive news for polymer markets in the late summer and early autumn. In North America, ethane was stable, while propane fell about 6 cts/gal. Butane was down about 7 cts/gal, while natural gasoline was down 11 cts/gal.  Spot olefins, however, moved higher. Spot ethylene rose about a penny, while both grades of propylene were stable. Spot butadiene gained 2 cts/lb. Spot naphtha in northwest Europe was off $35/m.t., players say. Nevertheless, spot ethylene...

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