Shell Chemicals and LyondellBasell both nominated their August US butadiene contract prices at 41 cents/lb ($904/mt), rollovers from July, while TPC Group’s August US butadiene contract price nomination was 36 cents/lb ($794/mt), down 2 cents/lb compared with July, sources said Tuesday.
Producer confirmation of the nominations was unavailable immediately.
ExxonMobil nominated its August US butadiene contract price at 47 cents/lb ($1,036/mt), down 2 cents/lb ($44/mt) from July, sources said last week. ExxonMobil was unavailable to confirm the nomination.
The nominations are void of any adders or discounts that producers might include, sources said.
Despite all four nominations being announced, sources said the contract prices for August were not settled as there was a possibility of movement before a final settlement.
Market expectations on August contract are for a rollover to slight decrease as spot prices in Asia and Europe have dropped and US prices have started to follow, sources said.
US spot butadiene was last assessed at 45 cents/lb CIF US Gulf Coast Friday.
The July US butadiene contract price settled at a 38-49 cents/lb ($838-$1,080/mt) split settlement, up 6-8 cents/lb ($132-$176/mt) from June, sources said.
