02 November 2012 21:53 [Source: ICIS news]
HOUSTON (ICIS)--Spot prices for US butadiene (BD) increased by 2 cents/lb ($44/tonne, €34/tonne) to a range of 75-80 cents/lb on word of a deal done at 80 cents/lb, sources confirmed on Friday.
This is the first upward movement of US BD spot prices since the third week of March, during which the spot price rose by an average of 2.5 cents/lb to an average of 160 cents/lb.
Since then, the spot price has slowly fallen.
The spot price average had been 75.5 cents/lb since the third week of September.
Spot prices a year ago were 95-100 cents/lb.
The highest the spot prices for BD achieved this year has been 160-165 cents/lb.
North American producers of BD include ExxonMobil, LyondellBasell, Shell and TPC Group.
North American buyers of BD include ?xml:namespace>
($1 = €0.77)
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