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U.S. Spot Butadiene Posts Strong Gains
12:34 PM MST | January 18, 2012 | Lindsey Bewley
U.S. butadiene spot prices soared this week, adding about 30 cts/lb week-on-week. The reason behind the price push was short supply and healthy demand, combined with renewed buying interest, players say. TPC Group also shook up the market when the company declared force majeure on butadiene produced at its Houston plant and put customers on 85% allocation, sources say. The incident occurred after an event at the plant's cleanup tower, sources say. TPC expects the force majeure to last through January, with normal production rates resuming at that time. Spot...
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