IHS Chemical Week

U.S. and EU Olefins Markets Mixed

9:41 AM MDT | September 2, 2011 | Lindsey Bewley

North American feedstock prices were mixed at the start of September. Ethane fell about 0.5 cts/gal, while naphtha followed crude oil prices lower, shedding 15 cts/gal. Propane gained 14 cts/gal, while butane pushed higher by 6 cts/gal. Spot ethylene gained 2 cts/lb. Spot polymer-grade propylene gained about 1.5 cts/lb, as did spot chemical-grade propylene. Spot butadiene shed about 15 cts/lb, easing to $1.75-$1.76/lb. This is the fifth week spot has declined, and the second week the price is under $2.00/lb.  Meanwhile, ethylene contracts for...

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