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



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index