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U.S. Feedstock Prices Lower; Olefins Mixed
11:47 AM MDT | May 17, 2011 | Lindsey Bewley
North American feedstock prices were much lower on the back of falling crude oil prices. Ethane fell about 10 cts/gal, butane was lower by 12 cts/gal, propane fell about 7 cts/gal, and naphtha lost about 20 cts/gal. On the olefins side, spot ethylene was up about 4 cts/lb, to 72 cts/lb. Propylene spot prices were stable, but are expected to fall on lower demand from derivatives producers, sources say. Spot butadiene, meanwhile, climbed about 12 cts/lb, to $1.80-$1.85/lb, nearing the $2.00/lb...
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