24 January 2013 21:58 [Source: ICIS news]
HOUSTON (ICIS)--US butadiene (BD) production in December totalled 243m lb (110,223 tonnes), falling by nearly 3% from 250m lb in November, consulting firm Jacobs Consultancy said on Thursday.
BD production in December fell by almost 6% from November when output is measured on a daily rate, the group said in its monthly Hodson Report.
Production last month was flat compared with 243m lb in December 2011.
US crackers operated at 90.4% of capacity in December, down from 94.6% in November and from 94.1% in December 2011, according to the report.
The reduction in December came as a result of multiple outages, including one planned turnaround and eight unplanned shutdowns, the report said.
US BD contracts in January rolled over from December, with the majority of the producers that participate in the monthly contract settlement keeping prices at 76 cents/lb ($1,676/tonne, €1,257/tonne).
One US producer this week nominated another rollover for February, market sources said, predicting that other producers were likely to follow suit.
Additional reporting by Wesley Busch
($1 = €0.75)
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