Olefin Prices Continue to Tumble

Olefins prices in North America have been on the decline in recent weeks, following crude oil and feedstock prices lower. As of CW press time, West Texas Intermediate crude oil was lower by $7/bbl, to $95.74/bbl, while Brent crude was off by $4/bbl, to $107.41/bbl. Natural gas deflated to near record lows, losing 7 cts/million Btu to $3.05/million Btu. Lower upstream values have trickled down to feedstocks, where prices have declined by an average of about 4 cts/gal from the beginning of November. Among North American feedstocks, ethane prices have plunged about...

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