COMMENTARY

Contract olefins prices were confirmed to be lower this week on lower ethane prices and weakening demand, sources say. February ethylene contracts lost 3 cts/lb, after 13 months without a decline. Primary-grade and chemical-grade propylene contracts were agreed to at 3 cts/lb for February contracts, a compromise from split settlements earlier in the month, sources say. Spot ethylene prices held steady, while spot propylene prices fell 3 cts/lb on poor derivative demand, sources say. Spot naphtha in Europe lost $30/m.t., along with oil. However, spot olefins were...

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