Houston (Platts)--24Aug2011/622 pm EDT/2222 GMT
ExxonMobil and LyondellBasell nominated their September contract prices for butadiene Wednesday at 180 cents/lb and 175 cents/lb, respectively, according to a market participant.
The Exxon nomination was at a 6-cents discount to the August contract price, which settled last month at 186 cents/lb.
The September nomination at 175 cents/lb by Lyondell was at a rollover from the August price.
Recently, US butadiene spot prices had fallen over the week on sluggish demand, with the last offer heard Monday at 181 cents/lb and the market last pegged Wednesday at 175 cents/lb, according to various sources.
The two remaining producers, TPC and Shell, have not yet released their nominations, said a source. Exxon and Lyondell could not be reached for comment by the time of publication.
No comments:
Post a Comment