IHS Chemical Week

Chemical Week Magazine :: CW Price Report

COMMENTARY

10:55 AM MDT | August 7, 2007 | Chemical Week Editorial Staff

Feedstock costs were higher with ethane and propane prices rising in the past week. U.S. spot ethylene climbed slightly last week, up 1.5 cts, to 45.25 cts/lb. Spot prices have nearly closed the discount to contract prices, which settled at 46 cts/lb in June. Ethylene markets are balanced in the U.S. and tight in Europe, sources say. Spot refinery grade propylene prices were reported slightly lower, with bids reported at 49 cts/lb, sources say. BASF’s steamcracker at Ludwigshafen is now operating normally, and the company is no longer operating under force...

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