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Markets :: Basic Chemicals :: Petrochemicals :: Butadiene

Butadiene Prices Slump on Sluggish Demand

11:57 AM MDT | October 7, 2011 | —LINDSEY BEWLEY

North American butadiene prices have plunged in recent weeks, driven by lower demand and sluggish buying interest. Contracts for the month of October settled at a decrease of 30 cts/lb, to $1.40-$1.45/lb. The settlement represents a decline of 18% from September. The drop in October contract pricing was expected, as global spot butadiene prices have collapsed in recent weeks. U.S. butadiene producers nominated contract price reductions of 15 cts/lb, 20 cts/lb and 25 cents/lb in addition to the first nomination of 30 cts/lb. One of those suppliers—which...

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