COMMENTARY

The steady slide in U.S. feedstock prices was stalled by crude oil’s rebound last week. Ethane prices finished flat after a brief uptick, while butane lost 5 cts/gal. The downward momentum in spot ethylene prices also slowed, with prices losing a penny last week after posting steep falls earlier this month. The direction is still trending lower, however with a spot deal done at 44.625 cts/lb last week for August delivery, and a deal for September delivery was completed at 44.25 cts/lb, market sources say. Propylene contracts settled at a rollover for August...

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