IHS Chemical Week

Spot olefin prices mixed, US natural gas hits peak

9:38 AM MST | February 24, 2014 | Lindsay Frost

The week was calm in petrochemical markets, traders say. Primary hydrocarbon prices were higher, notably North American natural gas prices that broke $6/million Btu level for the first time in years because of lasting severe winter weather across the continent. In Europe, the spot olefins business was said to be finding its new level. Ethylene was lower by just €20/m.t. ($28). Spot toluene and spot mixed xylenes prices in the United States were both up, while spot toluene in Europe was...

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