06 January 2014 06:41 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its December 2013 butadiene (BD) contract price at $1,497/tonne (€1,063/tonne), down by $27/tonne from the previous month, a company source said on Monday.
The producer’s contract settlement for November was $1,524/tonne pipeline DEL (delivered).
YNCC derives its monthly contract settlement price from the average spot BD prices for that particular month.
On 20 December, BD spot prices averaged at $1,485/tonne CFR (cost and freight) northeast (NE) Asia, ICIS data showed.
There was no publication for spot prices on 27 December because of the Christmas holiday.
($1 = €0.74)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections