01 October 2013 08:29 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its September butadiene (BD) contract price at $1,419/tonne (€1,050/tonne), up by $259/tonne from the previous month, a company source said on Tuesday.
The producer’s contract settlement for August was $1,160/tonne pipeline DEL (delivered).
YNCC derives its monthly contract settlement price from the average spot BD prices for that particular month.
On 27 September, BD spot prices averaged $1,485/tonne CFR (cost & freight) northeast (NE) Asia, up by 21% from end-August, ICIS data showed.
($1 = €0.74)
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