Markets :: Basic Chemicals :: Petrochemicals :: Butadiene
Global Prices Rise as Butadiene Supply Tightens Worldwide
10:16 AM MDT | June 2, 2008 | Gregory Dl Morris
Prices for most primary petrochemicals are being driven higher by rising energy and feedstock costs, but butadiene prices are climbing because the product is short and supplies are growing tighter worldwide. Market watchers say that a combination of steam cracker outages, lighter feedslates for crackers in operation, and resilient demand for derivatives have combined to create the extreme tightness. Butadiene price increase nominations on the U.S. Gulf Coast, which is structurally short of crude C4’s, are in the range of 9 cts-11 cts/lb for June, with one...
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