IHS Chemical Week

Chemical Week Magazine :: CW Price Report

Commentary

8:37 AM MST | November 13, 2009

Volatility in crude oil prices due to Tropical Storm Ida caused modest gains among North American feedstocks. Butane and naphtha each gained a penny, while propane rose 2 cts/gal. Ethane swung to a 5-cts/gal gain. The U.S. olefins market concluded several settlements. Ethylene gained 2.75 cts/lb, to settle at 37.25 cts/lb for October. After falling 10 cts/lb in October contracts, proplyene posted a gain of 2.5 cts/lb, to 55.5 cts/lb for November contracts. Spot material remains tight but lost about 4 cts/lb for both grades due to lack of spot business. Spot...

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