NewsFlash1st Euro Q2 butadiene contract up Euro15

05 April 2006 08:55  [Source: ICIS news]

LONDON (ICIS news)--The first second quarter European butadiene (BD) contract has been agreed at Euro785/tonne, up Euro15/tonne from Q1, a producer said on Wednesday.

This agreement, made on a FD (free delivered) Northwest Europe (NWE) basis, was between a key Dutch-headquartered producer and a major German consumer, and was fully confirmed by the two parties.

At least three other producers signalled their support of this settlement, the consumer said.

However, some resistance was expected from other producers which have been attempting to achieve at least Euro800/tonne. Some consumers, too, were expected to show resistance as they were aiming for a rollover on the Euro770/tonne Q1 settlement.

By: Jane Massingham
+44 20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly