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Chemical Week Magazine :: CW Price Report

CW Price Report: Commentary

1:47 PM MDT | October 12, 2007 | Chemical Week Editorial Staff

Oil prices rose slightly last week, but the rate was slow enough that most petrochemical markets were more heavily influenced by internal supply-demand situations than by the external factors of energy costs, market players say. Spot naphtha in Northwest Europe nudged higher by $10/m.t. Light feeds rose in the U.S. by about 2 cts-3 cts/gal. The U.S. Gulf Coast ethylene contract for October settled 3 cts/lb higher. U.S. spot olefins prices were higher as well, with both ethylene and propylene gaining a penny. Spot olefins gained €10/m.t. in Europe. The U.S...

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