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Chemical Week Magazine :: CW Price Report
CW Price Report: Commentary
9:47 AM MDT | June 2, 2008 | Chemical Week Editorial Staff
Soaring crude prices pushed feedstocks higher in the U.S. last week, with ethane trading above 100 cts/gal. Propane gained 2 cts/gal, while butane surged ahead 7 cts/gal. Both spot ethylene and propylene added a penny on rising input costs and reduced run rates at heavy feed crackers. European spot naphtha prices gained $35/m.t., tightening the margins for olefins producers. Spot ethylene and propylene prices in Europe slipped €10/m.t. Players describe ethylene as balanced to a little soft, and propylene as “extremely long,” due to high cracker...
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