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Spot petchem prices mixed
10:30 AM MDT | April 22, 2014 | Lindsay Frost
Steady prices for crude oil and natural gas left petrochemicals markets without strong upstream direction this week. In northwest Europe, spot naphtha ticked higher by $10/m.t. for the second week in a row. That provided support for olefins producers that said they were cutting back on steam cracker operating rates in an effort to bolster spot ethylene prices which are very weak. Indeed spot ethylene edged higher by €10/m.t. but the effect was more evident in propylene, which gained...
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