IHS Chemical Week

Petchem market quiet due to US holiday

11:54 AM MST | November 26, 2012 | Lindsay Frost

Primary hydrocarbon markets were described as quiet in advance of the US Thanksgiving holiday this week. That had the knock-on effect of keeping European olefins business quiet as well, which was fine by producers who were glad about the respite from recent downward trends. Spot naphtha ticked higher by $5/m.t. in northwest Europe, but spot olefins were said to be level. Sellers were in no hurry to begin December contract...

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