Infographic: Europe butadiene H1 2017 review – volatility returns to the global market

The first half of 2017 was characterised by three digit swings in the monthly contract reference price with a record adjustment in February when it was agreed up by 49%. Asian demand had strengthened partly on the back of demand from the Chinese auto industry in particular because of expiring tax incentives. This and the realisation that the concentration of planned cracker and BD unit turnarounds in Europe would likely heavily constrain Europe’s supply, sent prices soaring.

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