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Chemical Week Magazine :: CW Price Report

Commentary

11:15 AM MST | December 19, 2008 | Chemical Week Editorial Staff

There was modest recovery in spot prices last week as crude oil prices rose. West Texas Intermediate crude gained almost $2/bbl, to $43.92/bbl, while Brent gained nearly a dollar, to $44.32. Natural gas on the Henry Hub added 20 cts/million Btu from its seasonal low to $5.75/million Btu. In northwest Europe, spot naphtha rose $20/m.t. That support helped olefins markets settle long-standing strains between spot and contract markets. Initial first-quarter contract settlements for both ethylene and propylene were agreed to at a decline of €600/m.t....

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