TPC Group nominated its February US butadiene contract price at a rollover from its January contract price of 76 cents/lb ($1,676/mt), sources said Friday.
TPC Group was unavailable to immediately comment.
Market expectations were for a rollover to a slightly higher February US butadiene contract price.
US butadiene demand has remained weak, sources said, while inventories were described as adequate.
US spot butadiene was last assessed January 18 at 81 cents/lb CIF US Gulf Coast and heard around 80 cents/lb CIF USG Friday.
ExxonMobil nominated its February US butadiene contract price at a rollover from its January contract price of 83 cents/lb, sources said.
ExxonMobil declined comment.
The other two producers -- Shell Chemical and LyondellBasell -- have not nominated yet, sources said.
The January US butadiene contract price settled in a rollover from December at a 76-83 cents/lb split settlement, with TPC Group, Shell and LyondellBasell at 76 cents/lb and ExxonMobil at 83 cents/lb, sources said.
Producers had not confirmed the January contract.
Source:
http://news.chemnet.com/Chemical-News/detail-1803038.html
