Europe November butadiene contract price agreed at €1,850/tonne

25 October 2011 11:40  [Source: ICIS news]

LONDON (ICIS)--The European butadiene (BD) contract price for November has been agreed at €1,850 /tonne ($2,569 /tonne), down by €250/tonne from October, because of soft demand and lengthening supply, a major producer said on Tuesday.

The major producer agreed the contract with two of its customers. Confirmation from one customer is still pending.

A second major producer has also confirmed settlement at €1,850/tonne.

The contract is agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.72)

By: Nel Weddle
+44 20 8652 3214

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