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September butadiene contracts nominated in US

by ChemOrbis Editorial Team -
  • 01/09/2016 (15:37)
According to market sources, TPC Group nominated its September butadiene contracts to the US. TPC Group announced its new contract at 44 cents/lb ($970/ton) up 10 cents/lb ($220/ton) from August. The jump in price for TPC was attributed to the company’s change in pricing methodology to include aggregate fees in its contract levels.

Previously, ExxonMobil had announced its September contract at 45 cents/lb ($992/ton), up 4 cents/lb ($88/ton) from August while LyondellBasell nominated its contract at 44 cents/lb ($970/ton), up 3 cents/lb ($66/ton) from August.

Shell Chemicals, meanwhile, nominated its September butadiene contract with an increase of $66/ton (3 cents/lb) from its latest August nomination at $860/ton (39 cents/lb).

Market expectations had been calling for a rollover to slight increase from August for September butadiene contracts due to weak demand and lower spot prices.
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