US BD spot prices drop on ample supply, weak demand

15 September 2012 00:43  [Source: ICIS news]

HOUSTON (ICIS)--US butadiene (BD) spot prices were assessed down by 2 cents/lb ($44/tonne, €34/tonne) on Friday amid flat demand and ample supply.

Market sources said spot prices were down notionally from 80-85 cents/lb to 78-83 cents/lb.

Sources said prices should be down, although they had not heard of a deal done during the week

US BD is less expensive than material found in the other regions.

Barring a natural disaster, market sources said they believe there will not be a marked change in market conditions for the rest of the year.

US producers of BD include ExxonMobil, LyondellBasell, Shell and TPC Group. Buyers include Ashland, INVISTA, LANXESS, Michelin and Negromex.

($1 = €0.77)

By: Wesley Busch
+1 713 525 2653

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