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COMMENTARY

10:46 AM MDT | July 30, 2007 | Chemical Week Editorial Staff

U.S. ethylene spot prices have come under pressure from lower natural gas costs. Prices stagnated at 36.5 cts/lb del, with buying ideas at 35 cts/lb del, sources say. Propylene spot prices firmed to around 39 cts/lb del in line with strengthening downstream demand. Butadiene spot prices in the U.S. have slipped closer to contract levels, as tight markets eased. December butadiene contracts slipped 2 cts/lb, to 53 cts/lb del, market players say. In Europe, ethylene remains balanced between shorter than normal supply and the usual mid-winter drop in demand, say...

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