22 November 2013 19:58 [Source: ICIS news]
HOUSTON (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)
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