27 July 2012 15:47 [Source: ICIS news]
LONDON (ICIS)--The European butadiene (BD) monthly contract price (MCP) for August has settled at €1,575/tonne ($1,944/tonne), up by €75/tonne from July largely because of upstream cost pressures, a major producer said on Friday.
The major producer said it had agreed the contract with two of its consumers but direct confirmation is still pending from one of them.
Two producers confirmed they have followed the settlement.
($1 = €0.81)
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