Hamburg, (Germany): Across the European market, Butadiene prices have turned bullish in the third week of July. Limited availability amid speculated supply cuts by major producers has been mainly blamed for the recent firmness, although there are few shutdowns or reduced rates confirmed by the regional producer. Furthermore, firmer feedstock values have further exerted upward pressure on the prices of Butadiene. However, demand for Butadiene from the downstream derivative industry continues to remain weak owing to a seasonal lull.
Prices of Butadiene have witnessed an increment of USD xx/MT on a weekly basis in the German market driven by rising domestic costs and reduced supply from key sources, particularly during the heavy Qx turnaround season. Recently, the rally in freight costs has also supported high offers for imports. However, demand for Butadiene from the downstream Synthetic rubber and Polymer industry has remained sluggish, with converters...
