IHS Chemical Week

Olefins prices continue to drop

9:53 AM MDT | March 26, 2013 | Lindsay Frost

Buyers continued to prevail as petrochemical prices slid once again. Spot naphtha ticked lower by $10/m.t., driven by slipping crude oil prices, while olefins prices marched down. Spot ethylene was off €20/m.t. ($26), buyers say, and spot propylene was lower by €30/m.t. as polymer markets weakened. Falling demand for butadiene in Asia led spot prices in Europe down...

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