Taiwan’s FPCC’s settles July BD contract down by $380/tonne

02 August 2013 03:55  [Source: ICIS news]

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has settled its July butadiene (BD) contract at $946/tonne (€719/tonne), down by $380/tonne from the previous month, a company source said on Friday.

Its June’s contract was settled at $1,326/tonne pipeline DEL.

FPCC’s monthly BD contract price is settled on a retroactive basis and is roughly based on the average spot prices in 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)

By: Helen Yan
+65 6780 4359

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