S Korea’s YNCC settles Aug BD contract up by $269/tonne from July

06 September 2013 04:34  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its August butadiene (BD) contract price at $1,160/tonne (€882/tonne), up by $269/tonne from the previous month, a company source said.

The producer’s contract settlement for July was $891/tonne pipeline DEL (delivered).

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

On 30 August, BD spot prices averaged at $1,225/tonne CFR (cost & freight) northeast (NE) Asia, compared with an average of $1,000/tonne CFR NE Asia in early August, ICIS data showed.

($1 = €0.76)

By: Clive Ong
+65 6780 4359

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