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Chemical Week Magazine :: Basic Chemicals & Plastics

North American Spot Butadiene Prices Soar

7:24 AM MST | January 20, 2012 | —Lindsey Bewley

North American spot butadiene prices skyrocketed 30 cts/lb last week, to $1.34/lb. The surge was triggered by short supply combined with renewed buying interest, players say. Most buyers were covered through December and held off on purchasing, sources say. TPC Group (TPCG) also shook the market when the company declared force majeure on butadiene produced at its Houston plant and put customers on 85% allocation, sources say. TPCG has indicated that it expects the curtailments to last through January, with normal production rates resuming at that time. Since...

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