UpdateFourth US BD producer nominates rollover for February

25 January 2013 23:26  [Source: ICIS news]

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HOUSTON (ICIS)--The fourth and final US butadiene (BD) producer that participates in the monthly contract negotiation process has nominated a rollover for its February contract price, sources confirmed on Friday.

All four producers have now nominated rollovers.

Contract price settlement is expected next week.

A third US BD producer has nominated a rollover for its February contract price, sources confirmed late on Thursday.

The initial two nominations are seeking rollovers.

There has not been a lot of demand for material from the major BD consumer – the styrene butadiene rubber industry – and that has led to the lack of movement in prices.

The January contract price was 76 cents/lb ($1,675/tonne, €1,257/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 the December contract price.

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)

By: Wesley Busch
+1 713 525 2653

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