IHS Chemical Week

Olefins prices mixed

10:12 AM MDT | April 23, 2013 | Lindsay Frost

Slumping prices for crude oil undercut the price of spot naphtha in northwest Europe, which tumbled $45/m.t. That upstream weakness continued to erode spot olefins prices in Europe, sellers report. Ethylene shed €20/m.t. ($26), while propylene eased lower €10/m.t., sources say. One market watcher notes slightly improved polymer prices in Europe as a possible signal that a near-term level has been...

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