South Korea’s YNCC settles April BD contract up $238/tonne

01 April 2011 04:18  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its April butadiene (BD) contract at $2,605/tonne (€1,824/tonne), up $238/tonne from the March contract price, a company source said on Friday.

Tighter-than-expected supply following the 9.0-magnitude earthquake which struck northeast Japan on 11 March and an unplanned outage at Shell’s 800,000 tonne/year mixed feed cracker in Singapore in March had put upward pressure on the price, traders said.

“Some BD export shipments from Japan were cancelled or delayed and coupled with the unexpected outage at Shell’s cracker in Singapore, prices had no way but to go up,” a trader said.

BD spot prices were at $2,700-2,750/tonne CFR (cost & freight) NE (northeast) Asia in the week ending 25 March, up $250/tonne from late February, ICIS data showed.

($1 = €0.70)

For more on butadiene, visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database


By: Helen Yan
+65 6780 4359



AddThis Social Bookmark Button

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

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