21 August 2008 22:41 [Source: ICIS news]
HOUSTON (ICIS news)--A US butadiene (BD) producer has nominated an increase of 15 cents/lb ($331/tonne or €224/tonne) for September contracts, market sources said on Thursday.
Two buyers confirmed the initial nomination.
US BD contracts in August settled at $1.10/lb, up by 12 cents/lb compared with July, according to global chemical market intelligence service ICIS pricing.
BD has risen for 10 months in a row, lifted by scarce crude C4 stocks, firm demand and widespread allocation in the ?xml:namespace>
Contracts were at 55 cents/lb in September 2007.
BD producers include ExxonMobil, Equistar, Shell and Texas Petrochemicals.
($1 = €0.68)
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