OGJ FOCUS: US OLEFINS—FIRST-HALF 2010: Ethylene

07/26/2010
Ethylene producers will long remember, some fondly and others with regret, first and second quarters 2010 as a period of unusual price volatility and unexpectedly strong profitability.Similarly, propylene buyers and sellers will also long remember first-half 2010 as a period of extreme swings in spot for refinery-grade propylene and contract prices for polymer-grade propylene.During the first half of this year, the industry experienced a series of operating problems and plant turnarounds. These were the immediate factors that sparked the unusual price volatility for ethylene and polymer-grade propylene and the surge in olefin-plant profit margins.The ethylene industry, however, also conti...
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