Europe Aug butadiene contract agreed down by €250/tonne

30 July 2013 16:29  [Source: ICIS news]

LONDON (ICIS)--The European August butadiene (BD) contract price has been agreed down by €250/tonne at €750/tonne ($1,000/tonne), contract players said on Tuesday.

The contract, which is settled on a free delivered (FD) northwest Europe (NWE) basis, has been confirmed by one major producer and one major consumer. Confirmation from two other players in the settlement is pending.

Sources said the decrease had been driven by poor demand and to ensure that European prices remained competitive.

The European July BD contract price had been agreed down by €250/tonne at €1,000/tonne.

($1 = €0.75)

By: Nel Weddle
+44 20 8652 3214

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