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Chemical Week Magazine :: CW Price Report

COMMENTARY

2:27 PM MST | January 28, 2008 | Chemical Week Editorial Staff

Primary hydrocarbons continued to slide last week, although not as steeply as previous weeks. In the U.S., both ethane and naphtha eased lower by 2 cts/gal, while propane lost 1 ct/gal. Spot ethylene prices lost a penny on easing crude oil prices, but propylene prices had yet to react, sources say. Higher settlements of first-quarter contracts and continuing demand in derivative markets bode well for European olefins, sources say. A $30/m.t. drop in spot naphtha prices helped producers regain some margin. Spot ethylene rose €20/m.t., while spot propylene...

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