07 August 2012 04:21 [Source: ICIS news]
In June, the contract price settlement was $2,028/tonne pipeline
YNCC's monthly contract price settlement is based on the average spot BD values for that particular month.
BD spot prices surged to $2,500/tonne in the week ended 13 July, up by $600/tonne since mid-June, according to data from ICIS.
The BD price spike was triggered by unplanned cracker outages in
BD spot prices have since fallen to $2,250-2,300/tonne CFR NE Asia in the week ended 3 August, according to ICIS.
($1 = €0.81)
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