COMMENTARY

For the second week in a row, lower crude oil and steam cracker feedstock prices failed to put a drag on spot olefins prices. U.S. ethylene prices firmed a tad, with trade reported at close to 39 cts/lb del. Propylene prices were steady, as refinery grade propylene prices staged a rally following recent weeks of declines. Tight supply in Europe boosted ethylene spot numbers by €10/m.t., and propylene by €10-€20/m.t. An outage at the smaller Ineos cracker at Grangemouth, U.K. prompted the company to declare force majeure on olefins. Spot butadiene...

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