IHS Chemical Week

Olefins Prices Rise in the U.S. in Flurry of Activity

10:15 AM MST | January 6, 2011 | Lindsey Bewley

North American feedstocks were mostly down this week, on directionless crude oil prices. Ethane lost about 2 cts/gal, to 62 cts/gal, while propane was lower by a penny. Butane remained unchanged at $1.68/gal. Naphtha prices, meanwhile, rose by 5 cts/gal, keeping pace above the $2/gal mark. Spot olefins, in contrast, were marginally higher this week in the U.S. Spot ethylene rose about 2 cts/lb, to 44 cts/lb, on news of a cracker outage at Dow's Taft, LA complex. The complex suffered a power failure on January 4, taking a steam cracker and several downstream units...

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