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November butadiene nominations continue to be announced in US

by ChemOrbis Editorial Team -
  • 27/10/2016 (14:30)
According to market sources, more November butadiene contracts have been nominated in the US. The new nominations have been announced at 52 cents/lb ($1146/ton) up 6 cents/lb ($132/ton) from the October settlement.

Sources reported that the new nominations surprised market players who were expecting new contracts to be nominated with slight increases of 2-3 cents/lb ($44-66/ton). However, prices have increased due to the tight supply and growing demand for butadiene exports to Asia.

The October butadiene contract had been settled at 46 cents/lb ($1014/ton) in the US.
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