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Chemical Week Magazine :: CW Price Report

CW Price Report

Commentary

9:12 AM MST | January 21, 2010

Lower crude oil prices pushed North American feedstocks down, as ethane and propane both lost 1 ct/gal and naphtha was down 2 cts/gal. Butane, however, gained about 2 cts/gal. Among U.S. olefins, spot ethylene lost about 1.5 cts/lb, while propylene was steady. Butadiene contracts for January reportedly settled at loss of 2 cts/lb, to 63 cts/lb, market players say. European naphtha lost a token $10/m.t. due to sharply higher olefins prices. Cracker operating problems, combined with tighter polymer demand, are behind the increases, sellers say. Spot ethylene was...

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