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Chemical Week Magazine :: Basic Chemicals & Plastics
U.S. Commodity Chemicals Stumble on Financial Volatility
3:34 PM MDT | August 22, 2011 | —LINDSEY BEWLEY
North American commodity chemicals prices have stumbled in August amid volatility in financial markets and falling energy prices. U.S. butadiene spot prices tumbled 10 cts/lb, to 189 cts-191 cts/lb. Players says that buyer interest is sluggish, prompting spot numbers to decline. Easing demand led spot prices to fall below the $2/lb mark for the first time in nine weeks. On the contract side, August contracts reached a split settlement, with three producers settling up 5 cts/lb, to $1.75/lb, and a fourth producer settling up 11 cts/lb, to $1.86/lb. Spot prices for...
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