06 February 1997 00:00 [Source: ICB]
US butadiene sellers have agreed to roll over May contract prices of 20 cent/lb in June in an attempt to maintain price stability.
Nevertheless, sellers report a tight US market and a run down in inventories as a result of reduced imports, particularly from Europe. They expect butadiene inventories of 68 000 tonne on 1 May to be further depleted as European cracker problems and low US prices combine to keep European imports at record low levels. Some availability is reported from Korea, although no sales have been reported.
'Strike action at Goodyear plants has been shorter than expected and has failed to loosen supply, ' commented one source.
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