Taiwan’s FPCC settles October BD contract price at $1,768/tonne

08 November 2012 01:56  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has settled its October butadiene (BD) contract price at $1,768/tonne, down by $60/tonne from the previous month, a company source said.

The producer’s September BD contract price was settled at $1,828/tonne pipeline delivered (DEL).

Spot prices of BD fell in October, because of oversupply and weak demand in the market.

BD spot prices were at $1,700-1,750/tonne CFR (cost and freight) northeast (NE) Asia in the week ended 2 November, down by around $200/tonne since early October, according to ICIS data.

FPCC’s monthly BD contract price is settled on a retroactive basis.

By: Helen Yan
+65 6780 4359

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