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Chemical Week Magazine :: CW Price Report

CW Price Report

Commentary

11:06 AM MST | February 20, 2009

Petrochemical markets were mixed last week, while feedstock prices declined. West Texas Intermediate crude oil dipped $2.62/bbl, to $34.93/bbl, and Brent crude skidded almost $5/bbl, to $39.44/bbl. Natural gas on the Henry Hub Index dropped 67 cts/mBtu, to $4.15/mBtu. European spot naphtha rose $10/m.t. as spot olefins continue to strengthen, despite a drop in feedstock prices. Buyers and sellers began March contract discussions with spot ethylene gaining €90/m.t. and spot propylene rising €30/m.t. However, spot butadiene fell $90/m.t. as tire demand...

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