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(ICIS) -- European butadiene (BD) and
crude C4 (CC4) spot prices have registered sharp decreases over the past week as
availability in the market lengthens while demand slows further, players said on
Friday.
Domestic inland BD spot prices slid by EUR 50-75/tonne (USD 71-107/tonne)
to trade at EUR 2,350-2,400/tonne FD (free delivered) NWE (northwest Europe),
while export values also lost a further USD 50/tonne, leaving prices at USD
3,500-3,550/tonne FOB (free on board) according to data from ICIS. The CC4
spot factor also slipped to 1.45-1.48 times naphtha from the 1.65 recorded just
three weeks ago.
Many players said that the length in the market had initially appeared
over the traditionally slower summer holiday season, as although demand had
dwindled, cracker margins remained strong making producers reluctant to cut back
operating rates.
mrcplast.com
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