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Olefins Prices on the Rise
9:17 AM MST | December 1, 2010 | Lindsey Bewley
A strong move higher by all primary hydrocarbons did not have an immediate knock-on effect in petrochemical markets this week, players say. Both West Texas Intermediate and Brent crude gained about $3.50/bbl or about 4.3%. Spot natural gas on the Henry Hub rose 25 cts/million Btu, or 6.4%. U.S. feedstocks were mostly up. Propane gained a penny, while butane added 3 cts/gal and naphtha rose by 5 cts/gal, hitting the $2.00/gal mark. Ethane was the only loser, falling a mere penny. Meanwhile, spot olefins were also up. Polymer-grade propylene ticked higher by about...
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