CW Price Report

Declines in crude oil and natural gas prices accelerated last week, pulling down most petrochemicals prices. Ethane prices fell a further 10 cts/gal, while propane lost 14 cts/gal. Spot ethylene dipped a further 3 cts to trade under 60 cts/lb. June and July ethylene contracts remain unsettled, and softening spot values are making it harder to get a consensus, market sources say. Spot propylene markets were quiet. Three U.S. butadiene producers have nominated increases of 12 cts/lb, 15 cts/lb, and 19 cts/lb for August contracts. Market sources suggest...

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