COMMENTARY

Crude oil prices eased from record highs last week, but remain well above summer averages. In Europe spot prices for naphtha rose to a record high of $765/m.t., but settled at a loss of $5/m.t. from the prior week. North American ethylene producers are attempting to implement increases of 5 cts-6 cts/lb, citing higher ethane costs and record-low inventories, market sources say. North American butadiene settled up a penny, with market tightness attributed to a scheduled turnaround at the BASF/Atofina Port Arthur, TX cracker. Buying interest in spot olefins in...

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