IHS Chemical Week

Olefins in Europe and the U.S. Mixed

11:18 AM MDT | September 29, 2010 | Lindsey Bewley

Substantial movements higher by crude oil put some wind in the sails of some petrochemical prices this week, players say. West Texas intermediate narrowed its discount to Brent with a gain of $3.52/bbl to $76.18/bbl; Brent moved higher by $1.67/bbl to $78.28/bbl. Natural gas on the Henry Hub deflated again after several weeks of slim gains. The benchmark price fell 21 cts/million Btu to $3.81/million Btu. In Europe spot naphtha moved higher in line with oil, gaining $20/m.t. U.S. feedstocks were mostly up. Ethane gained a penny, propane rose 6 cts/gal and butane...

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