NewsFlash2nd Europe Q3 BD settles at €1,260

16 July 2008 18:58  [Source: ICIS news]

LONDON (ICIS news)--A major European butadiene (BD) producer has settled a third-quarter contract price with two of its consumers at €1,260/tonne ($2,000/tonne), €40/tonne higher than the initial settlement done over a week ago, the producer said on Wednesday.

Confirmation of the agreements, which were done on a FD (free delivered) NWE (northwest Europe) basis, was pending from the buying side.

The first third quarter contracts to be settled were at €1,220/tonne FD NWE, up €240/tonne from the second quarter between a Netherlands based producer and the same two consumers.

($1 = €0.63)

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By: Nel Weddle
+44 20 8652 3214

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