S Korea's YNCC Feb butadiene contract slips $88/tonne

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) Asia, down a staggering 85% from July last year when prices peaked at $3,400/tonne CFR NE Asia.

($1 = €0.77)

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By: Helen Yan
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