IHS Chemical Week

U.S. Propylene and Butadiene Contracts Settle for September

9:32 AM MDT | September 9, 2010 | Lindsey Bewley

Petrochemical traders were back to work this week after the Labor Day holiday in the U.S. and the end of August hols in Europe. Rising crude oil prices gave aromatics a big of a kick start, with West Texas Intermediate higher by $2.14/bbl to $74.06/bbl and Brent crude rising by $2.25/bbl to $77.04/bbl. Natural gas on the Henry Hub put in its two cents, literally, rising by that much to $3.81/million Btu. Feedstocks in North America were mixed. Ethane was down about 1.5 cts/gal, while propane and butane each gained about 3 cts/gal. Following crude oil's lead...

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