AFPM '12: N American BDO consumer does not expect full Q2 hikes

02 April 2012 00:19  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--A major North American butanediol (BDO) consumer said on Sunday that it does not expect to see any increase over 5 cents/lb ($110/tonne, €83/tonne) for second-quarter contracts.

The consumer made the comments on the sidelines of the International Petrochemical Conference (IPC).

BDO producers proposed increases of 7-10 cents/lb.

First-quarter BDO contracts were settled at 149-167 cents/lb DEL (delivered).

Full second-quarter BDO settlements are expected in early April.

Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.

($1 = €0.75)

By: Brian Balboa
+1 713 525 2653

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