31 August 2011 06:12 [Source: ICIS news]
By Helen Yan
Spot BD discussions for September shipments on Wednesday are at $3,500-3,700/tonne (€2,415-2,553/tonne) CFR (cost and freight) NE (northeast)
In the week ending 26 August, BD spot prices were assessed at $3,650-3,700/tonne CFR NE Asia, down by $350/tonne from end-July, according to ICIS.
Several BD spot parcels from
BD is a raw material for the production of synthetic rubbers, which are in turn used in the manufacture of tyres for the automobile industry.
FPCC is expected to restart its 700,000 tonne/year no 1 cracker and derivative 109,000 tonne/year BD extraction unit at Mailiao soon.
The no 1 cracker has been off line since 12 May because of a string of fire incidents that hit
These include Hunan Baling Chemical Industry Co, Beijing Yanshan Chemical Industry, Xinjiang Dushanzhi Chemical Industry and Heilongjian Daqing Chemical Industry.
“We are in no hurry to purchase any BD spot cargo and we can wait,” a South Korean synthetic rubber maker said.
Buyers are seeking around $3,500/tonne CFR NE Asia for September shipments, although some players have not ruled out the possibility that BD prices may fall to around $3,200/tonne CFR NE Asia, given expectations of improved supply when
Meanwhile, Asian BD prices may change course in October as supply in the
“If US demand for BD increases in October, then we can expect the Asian BD producers to ship out their product to the
($1 = €0.69)
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
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