IHS Chemical Week

Olefins prices mostly higher

8:59 AM MDT | May 19, 2014 | Lindsay Frost

With prices rising for crude oil, margins were pinched for petrochemical sellers this week. Spot naphtha spiked by $30/m.t. in northwest Europe, driving olefins producers to push hard on languishing spot prices. Ethylene was reported higher by €10/m.t. ($13.72), and propylene by €20/m.t., but there was question how long the gains could last given prevailing softness in the market. May settlements for butadiene contracts were said to be...

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