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Thursday, July 7, 2022

US March butadiene contract price rose

Sources said on Thursday that the US contract price of four butadiene producers in the United States rose this week compared to February levels.

According to sources, TPC Group, Exxon Mobil and Liande Basel’s March butadiene contract settlement price were 49 cents/lb ($1,080/ton), which was flat last month and met the specified level. .

According to sources, Shell’s contract price for butadiene in March was 50 cents/lb ($1,102/ton), up 1 cent/lb ($22/ton) from February.

A Shell representative said that the company did not comment on the butadiene settlement price in March, while other US producers did not respond to requests for comment.

Many US market participants predicted earlier this month that contract prices will rise in March, and tight supply is a key driver.

According to sources, at least one US manufacturer overhauled the unit as scheduled in February and said the restart would be scheduled for the second week of March.

This in turn led some market participants to expect that the US market may shift from a balanced state to a shortage in February, which may support pricing in the region.

Sources said that with the increase in downstream ABS production, it is expected that additional supply and prices will face additional pressure throughout the quarter.

Translated by Google Translator from http://www.cria.org.cn/newsdetail/47844.html

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