IHS Chemical Week

U.S. Olefins Pushing Higher

12:10 PM MDT | April 27, 2011 | Lindsey Bewley

U.S. olefins prices pushed higher this week, bolstered by an increase in demand amid short supply. Spot ethylene was up about 2.5 cts/lb, while both grades of spot propylene added about a penny. Butadiene spot material was the big winner, posting a gain of about 16 cts/lb on extremely low availability and surging demand, players say. On the feedstocks side, ethane was up about 9 cts/gal while butane lost about 3 cts/gal. However, both propane and naphtha pushed higher by about 4...

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