AFPM ’13: Global butadiene demand to improve in H2 – TPC CEO

24 March 2013 21:50  [Source: ICIS news]

SAN ANTONIO, Texas (ICIS)--Global butadiene (BD) demand is set to improve in the second half of the year, the chief executive of US-based BD producer TPC Group said on Sunday.

“Things are a bit soft now and we see that continuing for the next three to four months. But we see a better second half with an improving economy in the US, as well as in Asia,” said TPC Group CEO Mike McDonnell on the sidelines of the International Petrochemical Conference (IPC).

While demand is currently soft, it is making for a “healthy, reasonably balanced” market, noted McDonnell.

“Asia is slow, Europe has really slowed down and the US is relatively soft but improving,” he said.

“We would like to see more demand, but on the other hand, this is preventing episodes we had in the past with the price of BD spiking,” said McDonnell.

Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.

By: Joseph Chang
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