Thai BST awards H1 April BD sales tender at $3,400-3,420/tonne

16 March 2012 03:02  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s Bangkok Synthetics (BST) has awarded a sales tender for a 1,500-2,000-tonne butadiene (BD) cargo at above $3,400/tonne (€2,584/tonne), a company source said on Friday.

The spot cargo for loading in the first half April was sold to a trading firm at $3,400-3,420/tonne FOB (free on board) Map Tha Phut, the source said.

The results of BST’s tender translate into a price of $3,550/tonne on a cost and freight (CFR) northeast (NE) Asia basis - taking into account freight costs - indicating a rebound in BD prices, traders said.

In the week ended 9 March, BD spot prices were at $3,350-3,400/tonne CFR NE Asia, according to ICIS.

“I guess the buyers think the price has bottomed out and are starting to purchase BD again,” a trader said.

By: Helen Yan
+65 6780 4359

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