Olefins Prices Mixed in the U.S. and Europe

Petrochemical prices were lower this week in a broad but not uniform decline. Ethane was flat at about 50 cts/gal, while butane was lower by about 2 cts/gal. Propane, however, fell about 6 cts/gal. On the spot olefins side, ethylene was higher by about 5 cts/lb, while both grades of propylene rose 3 cts/lb. Spot butadiene reversed several week of price gains, falling about 6 cts/lb, but staying about the $1.50/lb mark, at about $1.58-$1.59/lb. Primary hydrocarbons and feedstocks led the way down, with spot naphtha in northwest Europe lower for the second week in...

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