Asia Q4 BR contracts up $500/tonne

02 October 2008 03:58  [Source: ICIS news]

SINGAPORE (ICIS news)--Butadiene rubber (BR) contracts for the fourth quarter (Q4) rose $500/tonne from the third quarter due to soaring feedstock butadiene (BD) costs, producers said on Thursday.

 

The Q4 contract prices were settled at $4,000-4,200/tonne CFR (cost and freight) northeast (NE) Asia.

 

“We have no choice but to implement a significant increase for Q4 contracts due to the skyrocketing BD feedstock costs in the third quarter,” a BR producer said.

 

The feedstock BD prices rose by $400/tonne in the month of July alone to peak at $3,400/tonne CFR NE Asia in July, according to global chemicals market intelligence service, ICIS pricing.

 

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

By: Helen Yan
+65 6780 4359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

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