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Spot BD prices in Asia may rebound in September-October

August 16/2011

(ICIS) -- Spot prices of butadiene (BD) in Asia may rebound in September or October as supply of the material will tighten, with a number of crackers in Asia and the US due to undergo maintenance during this period, industry sources said on Tuesday.


Some producers expect BD prices to rise above USD 4.000/tonne (EUR 2.760/tonne) towards the fourth quarter, after shedding USD 450/tonne over the past month, they said.


BD prices were last assessed at USD 3.800-3.850/tonne CFR (cost and freight) NE (northeast) Asia in the week ending 12 August, ICIS data showed.


In Asia, Shells 800 KTa cracker in Bukom Island, Singapore and Formosa Petrochemical Corps (FPC) 1.2m tonne/year No 3 cracker in Mailiao, Taiwan, are due for turnaround in mid-August.
Shell's Bukom cracker has a 155 KTa BD extraction unit.


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