IHS Chemical Week


Olefins Prices Up in Both U.S. and Europe

12:25 PM MST | January 20, 2011 | Lindsey Bewley

The petrochemicals market shook off the winter blahs with a will this week. Sellers say they were responding to strong demand in most markets with intermediates in particular roaring to life. In North America, ethane was up 2 cts/gal and butane rose 4 cts/gal. Propane fell 2 cts/gal, while naphtha was flat. Spot olefins in the U.S. rose slightly. Ethylene was up about a penny, while butadiene gained a whopping 6 cts/lb on tight supply and renewed buying interest, players say. Meanwhile, spot naptha in northwest Europe rose $30/m.t., but spot olefins in Europe...

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