IHS Chemical Week

Chemical Week Magazine :: CW Price Report


9:26 AM MDT | April 21, 2008 | Chemical Week Editorial Staff

Despite the surge in crude costs, naphtha prices only rose about 2%-3%. Spot numbers went higher by about 9 cts/gal on the U.S. Gulf Coast and $15/m.t. in northwest Europe. In the U.S., ethane lost 3 cts/gal while propane gained 4 cts/gal. U.S. spot ethylene prices continued a downward slide on weak demand, trading in a range of 50 cts-51.5 cts/lb. U.S. spot butadiene prices continued to surge, breaking the $1/lb mark. Several producers are on allocation as crackers continue to crack light feeds, sources say. In Europe, lighter olefins moved nominally higher...

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