Slowdown in olefin spot pricing

In the wake of lower January contract settlements in Europe and their drag on spot activity, trading picked up a bit this week, players report. Spot naphtha was said to be flat, so olefins sellers had no upstream leverage. Still, they say they were able to secure increases of €20/m.t. in ethylene and €10/m.t. in propylene. The moves were said to be important more for their direction than their...

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