27 March 2012 10:12 [Source: ICIS news]
LONDON (ICIS)--The European butadiene (BD) April monthly contract price (MCP) has settled at €2,275/tonne ($3,033/tonne), up by €90/tonne from March, a major producer said on Tuesday.
The contract is settled on a free delivered (FD) northwest Europe (NWE) basis.
“There is broad acceptance [across the market], it is a compromise settlement”, the producer said.
Three major producers and four major consumers have agreed the April MCP. So far, two major producers and two major consumers have confirmed the settlement.
($1 = €0.75)
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