Europe December butadiene contract agreed at a rollover

28 November 2013 14:00  [Source: ICIS news]

LONDON (ICIS)--The European December butadiene (BD) monthly contract price has been agreed at €900/tonne ($1,216/tonne), a rollover from November, a major producer said on Thursday.

The contract, which is done on a free delivered (FD) northwest (NWE) basis, was agreed by the major producer with three of its consumers. Another two producers have also agreed at €900/tonne.

Confirmation from two of the consumers and one of the producers is pending.

The European November BD monthly contract price has been agreed up by €75/tonne at €900/tonne reflecting gains in the spot market on the back of tight supply and firm demand from Asia.

($1 = €0.74)

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By: Nel Weddle
+44 20 8652 3214

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