02 August 2013 02:52 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its July butadiene (BD) contract at $891/tonne (€677/tonne), down by $411/tonne from the previous month, a company source said on Friday.
The producer’s contract settlement for June was $1,302/tonne pipeline DEL (delivered).
YNCC derives its monthly contract price settlement from the average spot BD prices for that particular month.
On 26 July, BD spot prices averaged $945/tonne CFR (cost & freight) northeast (NE) Asia, compared with an average of $1,395/tonne CFR NE Asia on 7 June, ICIS data showed.
($1 = €0.76)
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