The August butadiene contract for Northwest Europe has been finalized at €750 per tonne, marking a €20 decrease from July’s agreed level of €770/t, according to market sources.
This downward adjustment reflects the ongoing rebalancing in the European butadiene market, where steady demand and ample feedstock availability have eased pricing pressure. While inventory levels remain manageable and upstream supply remains stable, buyers have seized the opportunity to negotiate lower terms in a climate of cautious optimism.
Further signals of a potentially tighter butadiene market are expected into 2025 as a series of planned steam-cracker outages may constrain C4 availability, which could influence contract settlements later in the year.
