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Chemical Week Magazine :: CW Price Report
9:04 AM MDT | March 18, 2008 | Chemical Week Editorial Staff
North American spot olefins prices showed resilience despite lower contract prices for February. Spot ethylene added 2 cts/lb, as producers reduced operating rates to adjust to weakening demand, sources say. Spot polymer-grade propylene gained a cent, as did refinery-grade, sources say. March butadiene contracts gained 3 cts/lb, amid outages at several crackers that curtailed supply, they add. Spot naphtha in Europe set a new record, soaring $45/m.t. That renewed pressure on steam cracker operators, who were only just able to hold the line on spot prices. It is...
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