04 April 2014 19:58 [Source: ICIS news]
LONDON (ICIS)--Butane coaster values in Europe have fallen on reduced demand and increasing supply, sources told ICIS on Friday.
Demand is purely from petrochemical cracking after the gasoline blending season passed, and accordingly, refineries are now offering more product to market rather than keeping it internally for blending purposes.
“The blending is away and it’s only petchems. And there’s more product coming on the scene from refineries. Instead of putting it internally for blending, they have to sell it to the market,” a source said.
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