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U.S. Olefins Tracking Downward

1:30 AM MDT | November 1, 2010 | LINDSEY BEWLEY

North American olefin prices are returning to more realistic values after a series of steam cracker outages inflated spot and contract prices earlier this year. Butadiene and propylene are each tracking lower, and ethylene is making a small upward climb. U.S. ethylene contracts for September rolled over at 39 cts/lb after settling in a two-month deal for the months of July and August. Spot prices, meanwhile, have been on the rise. Spot values averaged 32 cts-34 cts/lb in September and 35 cts-38 cts/lb in October. Late October spot ethylene traded at about 39...

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