YNCC settles September BD contract $40/tonne up

16 September 2008 04:48  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea’s Yeochun Naphtha Cracking Center (YNCC) has settled its September butadiene (BD) contract up $40/tonne from August at $3,186/tonne on tight supply, a company official said on Tuesday.

The contract was settled on a pipeline delivered northeast Asia (NE Asia) basis, the official added.

BD spot prices were firm at $3,000-3,300/tonne CFR (cost and freight) NE Asia in August amid a spate of cracker shutdowns.

YNCC, the country’s largest olefins producer, had settled its August BD contract at $3,146/tonne pipeline delivered.

The YNCC contract formula is linked to Asia spot pricing.

To discuss issues facing the chemical industry go to ICIS connect
For more on butadiene visit ICIS chemical intelligence

By: Helen Yan
+65 6780 4359

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