COMMENTARY

Crude oil settled back last week below its previous trading range of $95-97/bbl. Despite the drop in hydrocarbons, spot naphtha in Europe added $25/m.t., and U.S. naphtha added 10 cts/gal. Spot ethylene prices gained 3 cts from the previous week. November ethylene contracts had not settled as of CW presstime. Butadiene contracts gained 1 ct for December. A rollover was expected, but news of a delayed restart at BASF-Atofina’s Port Arthur cracker may have come into play, a market source says. European spot ethylene eased lower by €20/m.t. Sellers are...

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