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TPC announced second butadiene nomination in US

by ChemOrbis Editorial Team - content@chemorbis.com
  • 25/07/2016 (17:10)
According to market sources, TPC has nominated the second August butadiene contract in the US. The new butadiene nomination stands at 34 cents/lb ($750/mt), a rollover from the July settlement.

Sources reported they have not heard nominations yet from LyondellBasell and Shell Chemicals.

The initial August butadiene contract was nominated by ExxonMobil with an increase of 1 cent/lb ($22/ton) from July at 41 cents/lb ($904/tons). ExxonMobil’s initial August nomination surprised market players who were expecting new contracts to be nominated with a rollover or slight decreases because of comfortable supply levels. The July butadiene nomination was settled at a rollover from June at 34-40 cents/lb ($750-882/ton) in the US.
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