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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections