N American BDO producers report 10 cent/lb Q2 increases

04 April 2011 23:03  [Source: ICIS news]

HOUSTON (ICIS)--North American second-quarter butanediol (BDO) contracts have settled at increases of 10 cents/lb ($220/tonne, €154/tonne) on the back of stronger feedstock prices, globally tight supply and strong demand, producers said on Monday.

The increase puts price settlements at 138-159 cents/lb DEL (delivered), as assessed by ICIS.

Buyers have not yet confirmed the increases, but said 10 cent/lb gains were likely.

The initial increases were in line with producer expectations and price initiatives at 10 cents/lb for the quarter. One producer reportedly came out with a 15 cent/lb price initiative, with a 5 cent/lb TVA (temporary voluntary allowance).

Major North American BDO producers include BASF, International Specialty Producers (ISP) and LyondellBasell.

($1 = €0.70)

For more on BDO visit ICIS chemical intelligence

By: Brian Balboa
+1 713 525 2653

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