02 January 2014 21:00 [Source: ICIS news]
HOUSTON (ICIS)--US January butadiene (BD) contracts reached a full settlement up by nearly 2% from December, sources said on Thursday.
The 1 cent/lb ($22/tonne, €16/tonne) increase puts three US producers at 55 cents/lb for January and a fourth at 57 cents/lb.
Given the split settlement, this puts the weighted January BD contract at 55.36 cents/lb, up from the December average of 54.36 cents/lb.
Sources said BD spot prices had trended up slightly in December on tight supply and buying interest from Asia.
Additionally, the start of 2014 is expected to lead to some inventory restocking for domestic buyers.
Major US BD producers include ExxonMobil, LyondellBasell, Shell Chemical and TPC Group.
($1 = €0.73)
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