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Olefins prices jump higher
11:30 AM MDT | June 3, 2013 | Lindsay Frost
The main chemicals story for the week was the sharp move higher for export polymers, especially in Europe, built on the firming of spot olefins already underway. Buyers had dismissed the uptick last week in European olefins as a minor reversal in a generally weak market, but with polymer producers reporting higher spot deals, the two trends are said to be joining forces. Spot naphtha in northwest Europe was said to be higher by $20/m.t., while spot ethylene moved up €20/m.t. ($26) and spot propylene inched ahead €10/m.t., sellers say. The only downer in...
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