12 February 2009 03:22 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s Yeochun Naphtha Cracking Center (YNCC) has settled its February butadiene (BD) contract at $419/tonne (€323/tonne) pipeline delivered, down $88/tonne from January, a company source said on Thursday.
January BD was settled at $507/tonne pipeline delivered.
Demand had weakened as downstream synthetic rubber plants slashed operating rates amid the slump in the global auto market.
Spot prices have tumbled to $550-600/tonne CFR (cost and freight) northeast (NE) ?xml:namespace>
($1 = €0.77)
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|