LyondellBasell stuns buyers with butadiene price proposal

08/21/2009 | ICIS News (U.K.)

With U.S. butadiene prices more than doubling since May amid tight supplies, producer LyondellBasell has nominated a September increase of 18 cents per pound, about double the amount buyers expected. The company said the proposed increase reflects market conditions, but stunned buyers said butadiene users would not be able to pass through the price increase.

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