NewsFlashSpot Asia BD hits $2,000/t record
02 May 2008 13:22 [Source: ICIS news]
SINGAPORE (ICIS news)--Asia spot butadiene hit a fresh record of $2,000/tonne (€1,293/tonne) late on Friday on tight supply and urgent deep-sea demand, a source close to the deal said on Friday.
The surge caught many sellers by surprise, given that CFR-based prices were hovering around $1,950/tonne CFR (cost and freight)
The 1,500-tonne Malaysian cargo, priced on an FOB (free on board) basis, will load from Pasir Gudang in the south some time in June to a Japan-based trader, he said, adding that the bidding for the cargo was hotly contested.
Recent supplies have been tight in
($1 = €0.65)
For more on BD visit ICIS chemical intelligence
By: Steve Tan
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