European butadiene Nov contract price agreed down Eur100/mt at Eur1,075/mt: sources

Chemical News: European butadiene Nov contract price agreed down Eur100/mt at Eur1,075/mt: sources

https://www.chemnet.com Oct 26,2018 S&P Global Platts
The European butadiene November contract price has fully settled at Eur1,075/mt FD NWE, down Eur100/mt from October, market sources said Thursday.

A drop had been widely anticipated, although earlier in the week there had been talk of the possibility of both double- and triple-digit decreases.
The butadiene market in Europe has been facing downward pressure generated by a lack of demand from export markets and falling prices in Asia.

Europe is a net exporter of butadiene.

On Wednesday the FD NWE butadiene spot price was assessed stable at Eur1,150/mt.
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