IHS Chemical Week

U.S. Olefins Prices Mostly Down on Thin Spot Markets

11:51 AM MDT | October 27, 2010 | Lindsey Bewley

North American feedstock prices were up this week amid falling crude oil prices. Ethane was up 1 ct/gal, while propane added 4 cts/gal. Butane edged higher by 5 cts/gal and naphtha ticked higher by a penny. Increasing ethane prices led U.S. spot ethylene values to rise by about 1 ct/lb. However, there is limited spot supply, market watchers say. Meanwhile, falling demand led spot propylene prices to sag. Spot PGP and CGP each dropped lower by about 4 cts/lb, putting spot below contract prices for the fourth week in a row. The spot market is slow, players say, but...

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