First nomination for US Nov BD contracts at 5 cent/lb decline
John Dietrich
25-Oct-2017
HOUSTON (ICIS)–The
first nomination for US November butadiene (BD) contracts was
at a drop of 5 cents/lb ($110/tonne), sources said on
Wednesday.
October US BD contracts fully settled at 52 cents/lb, so if accepted, this nomination would move prices to 47 cents/lb.
The nomination comes from a producer that had nominated an October price of 57 cents/lb initially, before revising its nomination to 52 cents/lb.
Sources said the nomination was in line with market expectations, given plunging values in Asia and softening demand in the US.
Major US BD producers include ExxonMobil, LyondellBasell, Shell Chemical and TPC Group.
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