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Initial November butadiene contract nominated in US

by ChemOrbis Editorial Team -
  • 26/10/2016 (15:56)
According to market sources, an initial November butadiene contract has been nominated in the US. The new contract has been announced at 57 cents/lb ($1257/ton) up 11 cents/lb ($243/ton) from October.

This nomination beat market expectations which called for an increase of 2-3 cents/lb ($44-66/ton) and it indicates the highest level for two years. The October butadiene contract was settled at 46 cents/lb ($1014/ton).

In the US, spot butadiene prices were reported at 53 cents/lb ($1168/ton) on FOB US Gulf Coast basis on Friday.
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