CW Price Report

Spot ethylene in North America dropped 1 ct/lb, but other olefins were quiet. A proposed two-month ethylene contract is still in the works, sources say. However, there has been some talk of producers nominating butadiene and propylene increases for May contracts, but nothing has been confirmed, sources say. May ethylene contracts in Europe settled higher by €10/m.t. while propylene contracts settled up by €23/m.t. The early settlement indicates that there is an increasing comfort with the monthly pricing mechanism that has been in place since January...

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