South Korea’s YNCC settles April BD contract down by $307/tonne

02 May 2013 03:29  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its April butadiene (BD) contract at $1,451/tonne (€1,103/tonne), down by $307/tonne from the previous month, a company source said on Thursday.

The producer’s contract price settlement for March was at $1,758/tonne pipeline DEL (delivered).

YNCC derives its monthly contract price settlement from the average spot BD prices for that particular month.

In the week ended 26 April, BD spot prices averaged at $1,425/tonne CFR (cost & freight) NE (northeast) Asia, according to ICIS data.

($1 = €0.76)

By: Helen Yan
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index