IHS Chemical Week


U.S. Olefins Prices Ease; Contract Activity is Mixed

10:24 AM MDT | August 12, 2010 | Lindsey Bewley

North American olefins were down this week, but only slightly. Spot ethylene fell about a penny, to 36 cts-37 cts/lb, while spot butadiene was down about 2 cts/lb, in a widening range. Both grades of spot propylene remained stable, sources say. In contract news, no settlement has been reached for July ethylene. Market watchers expect a two-month deal with August. Overall market sentiment is that ethylene contracts will fall, possibly by about 2 cts- 2.5 cts/lb. Unlike ethylene, U.S. propylene contracts have settled, this time for August. Both grades of propylene...

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