IHS Chemical Week

European Olefins Prices Post Declines

10:00 AM MDT | May 3, 2012 | Lindsey Bewley

Declines accelerated in European olefins. The May ethylene contract was settled lower by €20/m.t., a disappointment to producers who were hoping to hold the line at a roll from April. The propylene contract was agreed lower by €15/m.t. while butadiene was done for May at a decrease of €25/m.t. On the spot side, sentiment was heavily negative. Spot ethylene was reported lower by €80/m.t. but the retreat was expected to continue. Propylene was said to be off by €60/m.t., and even butadiene, which had defied gravity for...

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