Third US October BD contract nominated at a rollover

27 September 2012 21:32  [Source: ICIS news]

(Recasts with paragraph 2)

HOUSTON (ICIS)--The third of four October butadiene (BD) contract nominations has been announced at a rollover, sources confirmed on Thursday.

Market sources believe the rollover nominations are being made because demand is flat to decreasing.

The producer offered a nomination of 83 cents/lb ($1,830/tonne, €1,427/tonne).

Earlier, another producer nominated an October contract price of 85 cents/lb, up 2 cents/lb from its September contract price

A third producer nominated a rollover from its September contract price of 90 cents/lb.

A fourth nomination is anticipated later this week.

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 = €0.78)

By: Wesley Busch
+1 713 525 2653

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