25 September 2012 23:24 [Source: ICIS news]
HOUSTON (ICIS)--A US butadiene (BD) producer has nominated a 2 cent/lb increase for its October contract, sources confirmed on Tuesday.The producer offered a nomination of 85 cents/lb ($1,874/tonne, €1,443/tonne), the second for the month.
The initial nomination called for a rollover of that producer’s 90 cent/lb September contract price.
There are two more nominations to be offered. Both producers had contract prices of 83 cents/lb in September.
Typically, nominations are offered for the BD contract ahead of the beginning of the month and then a settlement is reached.
North American producers of BD include ExxonMobil, LyondellBasell, Shell and TPC Group. North American buyers include Ashland, INVISTA, LANXESS, Michelin and Negromex.
($1 = €0.77)
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