IHS Chemical Week

Spot Olefins Active in U.S., Slow in Europe

1:00 PM MDT | October 13, 2010 | Lindsey Bewley

Crude oil prices retreated slightly from recent highs, traders report, and the leading petrochemicals were relatively quiet, but secondary and intermediate markets were actively catching up to where the high-volume materials have run over recent weeks. West Texas Intermediate shed $1.22/bbl to $81.60/bbl while Brent crude slipped $1.17/bbl to $83.20/bbl. Natural gas on the Henry Hub tacked on 17 cts/million Btu to $3.68/million Btu. Meanwhile, U.S. feedstocks were up. Ethane gained 2 cts/gal, propane added a nickle and butane tacked on a dime. Naphtha was up...

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