21 March 2014 07:56 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has settled its February butadiene (BD) contract price at $1,365/tonne, down by $28/tonne from the previous month, a company source said on Friday.
Its January contract was settled at $1,393 pipeline DEL (delivered).
The company’s monthly BD contract price is settled on a retroactive basis, and is roughly based on the average spot prices of that particular month.
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