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Chemical Week Magazine :: CW Price Report

CW Price Report

Commentary

8:20 AM MDT | May 29, 2009

Petrochemical prices rose last week, supported by a firm rise in crude oil and demand that was stronger than anticipated. Market watchers are split over the outlook, however. Some market players say destocking has run about as far as it can go, while others note continued weakness in natural gas and other demand indicators. West Texas Intermediate crude oil prices rose $3.60/bbl, to $62.45/bbl, while Brent crude moved higher by $2.08/bbl, to $60.16/bbl. However, natural gas on the Henry Hub Index, which had been climbing in previous weeks, tumbled $1.06/million...

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