25 May 2012 11:59 [Source: ICIS news]
LONDON (ICIS)--The European butadiene (BD) monthly contract price (MCP) for June has been agreed at €1,850/tonne ($2,313/tonne), down by €400/tonne from May, a major consumer said on Friday.
The settlement, which is done on a free delivered (FD) northwest Europe (NWE) basis, has so far been confirmed by two major consumers and one major producer.
Confirmation from two other major producers and one other consumer also involved in the settlement is pending.
($1 = €0.80)
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