24 January 2013 23:19 [Source: ICIS news]
HOUSTON (ICIS)--Two US butadiene (BD) producers have offered rollovers for their February contract price nominations, sources confirmed on Thursday.
Market participants anticipate the other two producers will also nominate rollovers, although it could be as late as Monday before all nominations have been submitted.
There has not been a lot of demand for material from the major BD consumer – the styrene butadiene rubber (SBR) industry – and that has led to the lack of movement in prices.
The January contract price was 76 cents/lb ($1,675/tonne, €1,256/tonne) for a majority – more than 80% – of the US production capacity, with one producer’s contract price at 83 cents/lb.
The January contract price was a rollover from December.
The February European BD contract price settled at a rollover on Wednesday.
US producers of BD include ExxonMobil, LyondellBasell, Shell Chemical and TPC Group.
($1 = €0.75)
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