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Chemical Week Magazine :: CW Price Report

CW Price Report

Commentary

9:03 AM MDT | May 22, 2009

North American naphtha gained 2 cts/gal last week on modest gains in crude oil prices. Ethane lost about 4 cts/gal, butane fell 2 cts/gal, while spot propane lost 1 ct/lb. Spot ethylene declined a penny and propylene contracts settled up 2.5 cts/lb for May, bringing chemical-grade to 29 cts/lb and polymer grade to 31.5cts/lb. Spot butadiene gained about 2 cts/lb. West Texas Intermediate crude oil rose 18 cts/bbl, to $59.03/bbl, while Brent crude rose 27 cts/bbl, to $58.35/bbl. Natural gas on the Henry Hub Index lost 40 cts/million Btu, to $4.02/million Btu...

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