IHS Chemical Week

Olefins settlements mixed

2:08 PM MDT | September 9, 2013 | Lindsay Frost

Crude oil prices dipped slightly this week after a sharp rise in previous weeks, giving petrochemical markets a break as traders returned from summer holidays. Still, September contract settlements did not go smoothly in European olefins. Ethlyene was agreed higher by €50/m.t. Notably, signs of life were seen in butadiene with a small but directionally important increase of €25/m.t., the first movement in many months. However, propylene talks were not concluded at press time. Spot ethylene rose €45/m.t. in response to the contract...

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