Three Europe Q4 butadiene contracts settle down €155/t

24 September 2010 12:03  [Source: ICIS news]

LONDON (ICIS)--Three European fourth-quarter butadiene (BD) contracts have settled at €1,325/tonne ($1,767/tonne), down by €155/tonne, because of softening market fundamentals, a major producer said on Friday.

Two settlements were fully confirmed between the producer and two of its customers (both major consumers of butadiene in Europe).

Confirmation from a second supplier involved in the third settlement was also received.

The contracts were agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.75)

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By: Nel Weddle
+44 20 8652 3214

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