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Jan butadiene contracts settle in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/01/2017 (16:44)
According to market sources, January butadiene contracts have been settled in the US. The new settlement was agreed at 62-73 cents/lb ($1366-1608/ton) with a split settlement.

The settlement at 62 cents/lb implied a monthly increase of 10 cents/lb ($220/ton) while the settlement at 73 cents/lb was up by 21 cents/lb ($463/ton) from last month.

Players attributed these large increases to the sharp price hikes in Asia and supply shortage across the globe.
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