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U.S. Butadiene Contracts Hit Record High in June
2:15 PM MDT | June 7, 2011 | Lindsey Bewley
U.S. butadiene contracts for the month of June settled at a record high, players say. Tightness in the North American butadiene market has driven up contract prices for the month of June to an all-time high. June contracts rose by 9 cts/lb on the low end and by a whopping 20 cts/lb on the high end, to $1.50/lb-$1.65/lb, depending on the producer. The settlement represents the seventh consecutive month of increases, and places contract prices at a 6%-13% premium over May levels. The market has been settling at split levels since September of last year...
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