US January BD contract prices roll over, fall

HOUSTON (ICIS)--US January butadiene (BD) contracts settled at a rollover to a decrease, sources confirmed on Friday. The January ICIS Contract Reference Price (CRP) settled at 50 cents/lb, down 0.75 cent/lb from December. Three producers settled at separate rollovers, while one producer settled down by 3 cents/lb. An overall decrease was anticipated by some participants amid sustained crude price weakness, ample availability of feedstock crude C4 (CC4) and seasonally lower demand paired with year-end de-stocking. US BD Contracts (in cents/lb, separately issued) Jan Nomination Dec Settlement Producer 1 50 50 Producer 2 50 50 Producer 3 50 53 Producer 4 50 50. January’s settlement follows two steep declines in December and November. The CRP is now down nearly 23 cents/lb from October.