Olefins jump in prices after several weeks of decline

The first settlement of 2013 was done the week of 19 December, as the first quarter methanol contract in Europe was agreed at an increase of €30 ($40)/m.t. Attention in the rest of the market was said to be still in spot business, players say. Spot naphtha in northwest Europe rose $40/m.t. That rise gave a boost to sagging olefins prices, which were able to reverse several weeks of slow decline with gains of €20/m.t. for ethylene and €10/m.t. for...

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