Final US September BD nomination emerges at 4 cent/lb drop

28 August 2014 16:35  [Source: ICIS news]

Final US September BD nomination emerges at 4 cent/lb dropHOUSTON (ICIS)--US butadiene (BD) contracts for September were nominated by a fourth producer at a decline of 4 cents/lb, sources said on Thursday.

The final nomination would separately put September contracts for three producers at 56 cents/lb ($1,235/tonne), if accepted by buyers.

Previously, the producer that had settled its August contracts at 66 cents/lb had nominated a drop of 4 cents/lb, which would put its September contracts at 62 cents/lb.

Spot trading activity in August had been thin, with prices in the low 60 cents/lb range, as most buyers were comfortably covered by contractual business amid improved domestic availability, as well as previously ordered imports.

Major US producers include ExxonMobil, LyondellBasell, Shell Chemical and TPC Group.

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Sep Nomination (cents/lb)

Aug Settlement (cents/lb)

Producer 1

62

66

Producer 2

56

60

Producer 3

56

60

Producer 4

56

60


By: Tracy Dang
+1 713 525 2653



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