IHS Chemical Week

Olefins Prices Track Downward

1:22 PM MDT | July 7, 2011 | Lindsey Bewley

Following the U.S. holiday, feedstocks in North America were mostly lower. Butane fell about 2 cts/gal, propane lost about 3 cts/gal, while naphtha tacked on about 4 cts/gal. Ethane, meanwhile, gained a penny. U.S. spot ethylene fell about 5 cts/lb, to 54 cts-55 cts/lb, while spot propylene was lower by about 4 cts/lb. Spot butadiene was stable, but remained at the elevated price of 210 cts- 220 cts/lb. Contracts for butadiene closed in another split settlement, with three producers settling up 20 cts/lb, to $1.70/lb, while a fourth producer settled at a gain of...

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