CW Price Report

CW PRICE REPORT COMMENTARY S harp drops in crude oil and natural gas prices led petrochemical prices lower last week, but trading was reported to be snbdued in North America du e to the holiday, market sonrces say. Wes t Texas Interme diate erode oil slumped $6,96/bbl, to $62.93/bbl, while Brent crude slipped $8.36/bbl. to $61.72/hbl. Natural gas on the Henry Hub Index deflated 40 cts/ million Btu to $3.30/miHion Btu. North American feedstock prices contin- ued to decline off of lower crude oil prices. NAPHTHA lost about 6 cts/gal. ETHANE slipped 4 cts/gal, PROPANE fell 13 cts/gal and BUTANE dropped about 9 cts/gal. The U.S. spot oleflns market was mixed, a s E T HY L E NE lo s t 2 cts/lb. PROPYLENE remained stable, and B UT ADI E NE g a i n e d nearly 1 6 cts/lb due to supply constric- tions and rising input costs, sources say. June ethylene contracts settled up 3 ets/lb, to 33.5 cts/lb, Producers have nominated price increases of 4 cts-6 cts/lb fo r July contracts, but it is likely that they will only be able to implement a partial increase, market sources say. Meanwhile, July butadiene contracts settled np 14 cts/lb. to 45 cts/lb. The settlement represents producers' needs market players say. Spot naphtha in northwest Europe declined $25/m.t.. a smaller decrease than primary hydrocarbons, olefins buyers say. Lower spot oleflns prices are expected in the com ing weeks, and buyers have held o f f purchases, sources say. Spot prices were flat in the wake o f July contract settlements the week before. Aromatics were more active, but not by mach, traders say. U.S. Gulf Coast activ- ity was all but non-existent, however, spot TOLUENE dropped a dime. There was more business condncted in Europe, but trading was lackluster as trading ranges expand- ing, sources say. Spot BENZENE declined an average o f $35/m.t. while spot toluene slid about $65/m.t. MIXED XYLENE S lost $20/ni.t., while spot STYRENE rose about $30/m.t. and its July contract price settled higher by €90/m.t. ME T H Y L TERr - BUTYL ET HE R c o n t i n u e s to be highly volatile, tnmbling $lOO/m.t., sources say. Intermediates were becalmed except for July contract settlements in Europe. PAR>1-XYLENE fo r July was reported to be lower by € 67 /m .t . whi le Ju ly D R r HO- X Y L E N E contracts were rolled over from June. Tb e same was reported fo r July o-xylene on the Gulf Coast. ETHW4E SPOT COMTRACT 43-44 ctS/galtDbT SPOT EUROPE CONTRACT NAPHTHA PftOPANE BUTANE ETHYLENE PfWPYlfNE chemlcal-graiffl polymer-grade BUTADIENE BENZENE TOLUENE> MIXED XYL£NES STYHENE METHANOL MTBE OATNOXYLENE ETHYUNE GLYCOL antJfreeie flber-giide ACHYLONITRILE EDC INORGANICS CHLORINE CAUSTIC SODA SODA ASH 132-133 cts/gal fo t iT 697 1 cts/gal fob • 95 96 cts/gal fob T 21-22 cts/l ö del • 36-37 cts/lb del 38-39 cts/lb del 4648 cts/lb fob A 285-295 cts/gal fob 225-230 cts/gal fob T 220-230 cts/gal fob 41-42 cts/lb fob 52-54 cts/gal tob S900-950/ni.t.fob 394OcIs/lbfobA 28-30 cts/lb Sl,43û-l,450/m.Lfob 14.25-16.2 5 cts/lb A $400-450/ton tob A $75-n5/ tDn fob • 33.5 cts/ lb delJu ne A 38.5cIs/lbdelJune 40 cts/lb del lune 45 cts/ lb del Ju^ A 295 cts/gal tob Juy 238 cts/gal lob June 41cts/lb fob June 64; 68 cts/gal (Ob Jui( 50 cts/l b del Ju ne 39,5 cts/lb del uly 32 cts/lb del June 42 cts/l b del M ay A il75-190/tonfoti]uly S300-350/toiilob]ulyT S140-240/tcn tob 2009 I545-555/m,t.cif» €70O-72O/m.Lcif €500-520/ni.I.df €540-570/1 11,1 ei t 1600-650/m.Lcft î880-900/ili,LcilT $680-700/m.t.citT î76O-780/m.I.cilT Sl,O4O-l,O70/m.t,cifA €145-155/m.l,rif S720-730/m.i.citT $840-870/m.Uob $8]0-830/m.t fob £460-420/m,t.cit Sl,500-l,520/m,t.lob £350-380/m.t,tobA Sgo-m/mttobT e785/m.i, del Juy €650/m,L dd Juy C625/m.Ldellufy £656/m.l. de l lu ^ €793/m.I. del lune ei59/m.LlobQ3 €728/m.t.dellijlyT €620/m.L del Ju y €530/(n.LdelMaï €1.130-l,180/m.t.delMay €17O-24O/m .L del Juy £435-470/ni,L del Juy e24O-285/mt. del 2009 Ethylene (U.S. contract s; c ts/lbs) Benzene (U.S. spot; dollars/gal) Styrene (U.S. spot; cts/lbs) 1 1 k s 0 N D J F M l H I J Methanol (U.S. spot; cts/gal) 1) Nrtratton-grade. CWPrice Report is compiled the Wednesday prior to publication througli consultation with pmducere, con- sumers, and ttaüers. Prices are quoted tob (free-onboard), cif (cost, insurance & freight), c4f (cost & freist), or frteq (treigtit equali zed). References are NWE (Northwest Europe) port tor Europe and USG (U,S, Gulf) port tor Ihe US . and reflect recent ^ large-volume transactions, 2,] But ene-based, H exene based - ^ €O ,l/ k| : octene based * €0,2 /t( g, 3,) General purpose. / www.chemweek.com C hemical Week, Jul y 6/13.2 009 5 1

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