09 September 2008 08:08 [Source: ICIS news]
SINGAPORE (ICIS news)--Taiwan’s largest olefins producer Formosa Petrochemical Corp (FPCC) has settled its August Asia butadiene (BD) contract price up $167/tonne from July at $2,756/tonne linked to the rise in spot prices, a company official said on Tuesday.
It was settled on a pipeline delivered basis, the official added.
US August contracts were settled at 110 cents/lb - up 12 cents/lb from July.
In Asia, spot prices have rebounded above $3,000/tonne CFR (cost and freight) NE Asia (northeast
FPCC’s July contract price was settled at $2,589/tonne pipeline delivered.
To discuss issues facing the chemical industry go to ICIS connect
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections