05 October 2012 06:45 [Source: ICIS news]
By Helen Yan
On 28 September, BD spot prices were assessed at $1,970-2,050/tonne (€1,517-1,579/tonne) CFR (cost and freight) NE (northeast)
Demand is currently weak, with a sales tender for 2,000 tonnes of BD for October shipment drawing limited response from buyers. No sale was concluded at the close of trades on 4 October, market sources said.
"I did not put in a bid. The timing of the tender is terrible, with the holidays in
The two countries are major players in the Asian BD spot market.
Demand has slowed with major buyer Korea Kumho Petrochemical Co (KKPC) out of the spot market.
A scheduled three-week shutdown of major synthetic rubber facilities in
Korea Kumho Petrochemical Co (KKPC) – the largest synthetic rubber producer in
BD traders with stocks-in-hand are looking for buyers, prompting the buyers to seek lower prices, according to market sources.
Downstream synthetic rubber makers, which are the largest consumers of BD, are seeking BD at around $1,900/tonne CFR (cost and freight) northeast (NE)
The price quotes from buyers represent a $70-100/tonne decline from the last assessed BD prices.
“There are many deep-sea cargoes heading to
($1 = €0.77)
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