05 July 2012 03:20 [Source: ICIS news]
In May, the contract price settlement was $2,280/tonne pipeline
YNCC's monthly contract price settlement is based on the average spot BD values for that particular month.
BD spot prices bottomed out in mid-June at $1,800/tonne CFR (cost and freight) northeast (NE) Asia before rebounding and surging to $2,300/tonne CFR NE Asia in the week ended 29 June, ICIS data showed.
The BD price spike was triggered by a power outage on 20 June at
($1 = €0.80)
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