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Chemical Week Magazine :: CW Price Report

CW Price Report

Commentary

8:49 AM MDT | June 12, 2009

Crude oil prices moderated last week, with Brent crude oil adding only $1.33/bbl and West Texas Intermediate tacking on 73 cts/bbl. Natural gas on the Henry Hub Index continued to fluctuate, tumbling more than 10% from 51 cts/million Btu to $3.53/million Btu. There were modest gains among feedstocks in North America. Ethane rose 4cts/gal, propane gained 3 cts/gal, and naphtha added a penny. Spot ethylene gained 0.5 cts/lb, while other olefins were steady. Spot naphtha declined in Europe after several weeks of big gains. Prices slumped $20/m.t., taking some...

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