IHS Chemical Week

U.S. and European Olefins Prices Mostly Up

12:08 PM MDT | September 16, 2010 | Lindsey Bewley

Petrochemical prices were mixed through the early part of the week, as most markets remained balanced. There was little upstream direction, with both West Texas Intermediate and Brent crude rising about $2/bbl, or less than 3%. Natural gas also ticked higher by a few pennies, but did not break the $4/million Btu barrier. North American feedstocks were up across the board. Both butane and ethane each gained about 4 cts/gal, while propane was up about 3 cts/gal. Naphtha added a penny. U.S. ethylene contracts settled in a combined deal for July and August. July was...

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