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Chemical Week Magazine :: Basic Chemicals & Plastics

North American Butadiene Prices Tumble, Again

6:05 AM MST | December 9, 2011 | —LINDSEY BEWLEY

North American butadiene contracts have concluded for the month of December in a split settlement, just as the market evened out contract prices. Three producers’ contracts settled at a loss of 17 cts/lb, to 98 cts/lb, while one producer settled contracts lower by 15 cts/lb, to $1.00/lb. The market has been settling at split levels since September of last year, when the four main U.S. suppliers—ExxonMobil Chemical, LyondellBasell, Shell Chemical, and TPC Group—failed to reach an agreement due to easing supply and production constraints, which made contract...

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