NewsFlashUS Dec BD plummets by 47 cents/lb

02 December 2008 22:18  [Source: ICIS news]

HOUSTON (ICIS news)--US butadiene (BD) contracts in December were fully settled at 50 cents/lb ($1,102/tonne or €871/tonne), down by 47 cents/lb from November, market sources said on Tuesday.

The sharp drop came after one of the four main US producers last week revised its nomination to minus 47 cents/lb from a previous minus 25 cents/lb.

Two producers confirmed the 47 cent/lb decrease, and two buyers said they had received written confirmation that the remaining two suppliers would match the reduction.

($1 = €0.79)

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By: William Lemos
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