US initial December BD contract nomination in at rollover

22 November 2013 19:58  [Source: ICIS news]

US initial December BD contract nomination in at rolloverHOUSTON (ICIS)--The first US December butadiene (BD) contract nomination was heard for a rollover, sources said on Friday.

The nomination came from the lone producer to settle its November contracts at 56 cents/lb ($1,235/tonne, €914/tonne).

Three other producers settled their November contracts at 54 cents/lb.

The four settlements put the weighted US BD contract for November at 54.36 cents/lb.

Sources said the rollover was in line with market expectations but that a decrease is also a possibility because of seasonally soft demand and available supply.

Major US BD producers include ExxonMobil, LyondellBasell, Shell Chemical and TPC.

($1 = €0.74)


By: John Dietrich
713-525-2600



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