S Korea’s YNCC settles September BD contract up by $10/tonne

08 October 2012 04:22  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its September butadiene (BD) contract at $2,005/tonne (€1,544/tonne), up by $10/tonne from the previous month, a company source said on Monday.

In August, the contract price settlement was $1,995/tonne pipeline DEL (delivered).

YNCC's monthly contract price settlement is based on the average spot BD values for that particular month.

BD spot prices weakened to $1,900-1,970/tonne CFR (cost & freight) northeast (NE) Asia in the week ended 5 October, down by $70-80/tonne from the previous week, according to ICIS data.

The BD price drop was due to limited buying interest as a major downstream synthetic rubber producer will be shut for three weeks for maintenance from 10 October and the China market was closed on 1-5 October for the National Day holiday.

($1 = €0.77)

By: Helen Yan
+65 6780 4359

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