S Korea’s YNCC settles Aug BD contract $117/tonne lower than Jul

01 September 2014 09:44 Source:ICIS News

SINGAPORE (ICIS)--South Korea’s Yeochun NCC (YNCC) has settled its August butadiene (BD) contract at $1,402/tonne, down by $117/tonne from the previous month, a company source said on Monday.

The contract price is on a pipeline DEL (delivered) basis.

The producer’s contract settlement for July was at $1,519/tonne pipeline DEL.

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

By Helen Yan