0 HTTP/1.1 200 OK Cache-Control: no-cache, must-revalidate, max-age=0 Cache-control: no-cache="set-cookie" Content-Type: text/html; charset=UTF-8 Date: Wed, 12 Dec 2018 08:14:17 GMT Expires: Wed, 11 Jan 1984 05:00:00 GMT Link: ; rel="https://api.w.org/" Referrer-Policy: strict-origin-when-cross-origin Server: nginx Set-Cookie: AWSELB=5F5D7371125FB7F8BC1B177A422B20BC06D0328C4946D0832B4850E1379FCD16E017E05D563408217AFC77C36CC017BE6BEEEFECF38E81CF647B272F4663BDD6516FECA5D8;PATH=/;MAX-AGE=30 X-Content-Type-Options: nosniff X-Frame-Options: SAMEORIGIN X-TEC-API-ORIGIN: https://www.icis.com/explore X-TEC-API-ROOT: https://www.icis.com/explore/wp-json/tribe/events/v1/ X-TEC-API-VERSION: v1 X-XSS-Protection: 1; mode=block transfer-encoding: chunked Connection: keep-alive 745a Second US February BD nominated at 4 cent/lb increase - ICIS Explore

Second US February BD nominated at 4 cent/lb increase

Source: ICIS News


HOUSTON (ICIS)--A second nomination for US February butadiene (BD) contracts called for an increase of 9.8%, sources said on Tuesday.

Butadiene (BD) is a raw material used in the production of tyres.

The nominated 4 cent/lb ($88/tonne) increase would put contracts at 45 cents/lb, if fully accepted.

The nomination comes from a producer that nominated January contracts at 41 cents/lb, and settled at 41 cents/lb.

The first nomination for US February BD was at 48 cents/lb, an increase of 7 cents/lb.

Sources said they are expecting an increase of around 3-5 cents/lb, given some upward pressure from Asia and rebounding domestic demand.

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