Olefins Prices On The Upswing

Prices for North American spot olefins were mixed. Ethylene was lower by about 3 cts/lb, while propylene was unchanged. Butadiene, however, gained about 5 cts/lb. The increase in spot butadiene pricing is driving producers to nominate large increases for March contract settlements. Nominations have been heard at 25 cts/lb, 27 cts/lb, and 32 cts/lb. Among North American feedstocks, ethane rose about 10 cts/gal, while butane gained 6 cts/gal. Propane tacked on 3 cts/gal. With prices rising for feedstocks upstream and polymers downstream, European olefins...

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