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Chemical Week Magazine :: CW Price Report

CW Price Report

Commentary

10:10 AM MST | January 23, 2009

Spot naphtha in northwest Europe fell by about $5/m.t., following a smaller drop in Brent crude oil prices. The naphtha decline disappointed olefins producers who were hoping to rebuild battered margins, but they were appeased by a rise of €30/m.t. for spot ethylene and propylene, market watchers say. U.S. olefins also ticked up, as January propylene contracts rose 2cts/lb to settle at 20.5 cts/lb and 22 cts/lb for chemical grade and polymer grade, respectively. Spot ethylene also gained about 1 ct/lb, but contracts for January have yet to settle. Spot...

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