27 August 2012 21:39 [Source: ICIS news]
HOUSTON (ICIS)--The last of four US butadiene (BD) producers has offered a lower September contract price for BD, sources confirmed on Monday.
That final BD nomination is at 83 cents/lb ($1,830/tonne, €1,464/tonne), down by 7 cents/lb from its August contract settlement of 90 cents/lb and matching one other producer’s nomination.
The other nominations are 85 and 90 cents/lb, down by 5 and 6 cents/lb, respectively.
No settlement has been reached for the September contract, sources confirmed.
The August contract rolled over from the July contract.
US BD contracts normally settle at the end of the month for the following month’s business.
BD producers in North America include ExxonMobil, LyondellBasell, Shell and TPC Group. Buyers include Ashland, INVISTA, LANXESS, Michelin and Negromex.
($1 = €0.80)
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