IHS Chemical Week

Olefins Prices Mostly Up on Limited Availability

9:35 AM MST | November 10, 2010 | Lindsey Bewley

North American feedstocks were mostly up. Butane was up about 3 cts/gal, while naphtha was up about 2 cts/gal. Propane was stable while ethane fell about 2 cts/gal, to 68 cts-68.5 cts/gal, after hitting a high of 70 cts-72 cts/lb last week on short supply. Steadily rising crude oil prices provided a wind at the back of petrochemical prices this week. West Texas Intermediate and Brent were both higher by more than $2/bbl to $87/bbl and $88/bbl respectively. Even natural gas in North America got up off the mat with a modest gain of 14 cts/million Btu to...

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