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.
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