Olefins Prices on the Decline

North American feedstocks prices were mixed. Ethane rose about 4 cts/gal, while butane was lower by 9 cts/gal. Propane ticked lower by 2 cts/gal. Among spot olefins, ethylene fell 8 cts/lb, while both grades of propylene slipped 7 cts/lb. Butadiene was lower by about 9 cts/lb. Declines moderated in European olefins. Spot ethylene was reported lower by €30/m.t. but the retreat was expected to continue. Propylene was said to be off by €20/m.t. Butadiene losses increased to...

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