European C4 Olefins: Attention
shifts to contracts for2023■ Weak butadiene demand
continues■ Ample crude C4Participants in the European butadiene market shifted their
focusaway from the spot trading in the week to Nov. 11, with
discussionscentered on contracts for the next year.Contract discussions for
2023 have been prolonged by a lack ofclarity over market developments new year;
a situation not only limitedto the butadiene market but also seen in its
derivatives and otherpetrochemical markets.Demand for butadiene remained
stubbornly low in the week aswider economic uncertainty and recessionary
threats weighed onsentiment down the value chain to end-users.Earlier in the
week, players in the butadiene derivative marketacrylonitrile-butadiene-styrene
said that demand for ABS in Novemberappeared to be worse than any of the proceeding
months of 2022,despite demand in the earlier months trending steadily lower.In...