The Northwest European contract price for March-delivered butadiene was fully settled at Eur 1415/mt FD NWE (US$1880/mt FD), following confirmation from two producers and two consumers involved in the negotiations, as per Platts. The increase represents a Eur 50/mt rise from the February price of Eur 1365/mt FD NWE. The European butadiene market is expected to be tighter in March due to a number of supply constraints caused by maintenance and other unexpected production issues, sources said, adding that a recent rally in naphtha prices had also had a bullish effect.
Two sellers, Total Petrochemicals and SABIC, agreed the price with their consumers, while consumers Lanxess and Michelin confirmed agreeing the price with their suppliers, without adding further details.
27-Feb-13 
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