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U.S. Olefins Prices Pulled Higher by Increased Demand
8:44 AM MST | December 23, 2010 | Lindsey Bewley
North American feedstocks were mostly up on rising crude oil prices. Naphtha was up about 4 cts/gal, remaining over the $2/gal mark for the fourth week in a row. Propane was higher by 3 cts/gal on increased demand fueled by colder weather in the Northeast. Butane, however, lost about 5 cts/gal. Ethane was steady at 64.5 cts-65.5.cts/gal. U.S. olefins prices were also on the rise, following crude prices higher. Spot butadiene was higher by about 2 cts/lb, to 91 cts-92 cts/lb, on renewed demand and somewhat stifled supply. Spot polymer-grade propylene (PGP) was...
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