CW Price Report

Substantial gains in crude oil and natural gas last week pushed North American feedstock prices higher. Ethane gained 2 cts/gal and propane was up 5 cts/gal, while both naphtha and butane rose 8 cts/gal. Spot olefins in the U.S. market were relatively quiet. Ethylene gained 2 cts/lb, while butadiene gained about 4 cts/lb on tight supply. Butadiene producers may nominate an August contract price increase of over 10 cts/lb, market sources say. Supported by the strong showing for primary hydrocarbons, spot prices for naphtha in Europe rose $45/m.t. Spot ethylene...

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