15 April 2011 15:56 [Source: ICIS news]
“Our BD extraction unit is back on stream, with on-spec BD since [Friday] morning,” the source said.
The source added that the company has no BD for the spot market, but it received an offer of $3,750/tonne (€2,588/tonne) FOB (free on board) ARA (
The unit has the capacity to produce 220,000 tonnes/year of BD, according to the ICIS plants and projects database.
The April BD contract price settled at €1,690/tonne FD (free delivered) NWE (northwest
Price ideas for May contracts, given the current market fundamentals, are expected to be substantially higher than the April settlement price.
Some sources on the sell side said that initial ideas for the May contract would be around €1,800-1,850/tonne FD (free delivered) NWE (northwest
Negotiations will not start until next week for some market players.
($1 = €0.69)
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