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

Tracy Dang

28-Aug-2014

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.

Follow Tracy on Twitter 

 

Sep Nomination (cents/lb)

Aug Settlement (cents/lb)

Producer 1

62

66

Producer 2

56

60

Producer 3

56

60

Producer 4

56

60

READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?