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LyondellBasell nominates April butadiene contract to US

by ChemOrbis Editorial Team -
  • 29/03/2016 (10:45)
Market sources report that LyondellBasell has nominated its butadiene contract for April in the US. The producer’s new contract stands at 30 cents/lb ($661/ton), up 6 cents/lb ($132/ton) from March. Previously, ExxonMobil announced its nomination at 37 cents/lb ($815/ton), up 8 cents/lb ($176/ton) from March.

Market players had been anticipating an increase of around 3-5 cents/lb ($66-110/ton) due to higher spot prices.

March butadiene contracts were settled with a split settlement of 24-29 cents/lb ($529-639/ton), with a rollover from February.
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