Taiwan's Formosa settles Dec BD contract at $1,426/tonne

13 January 2014 02:46 Source:ICIS News

SINGAPORE (ICIS)--Taiwan’s Formosa Petrochemical Corp (FPCC) has settled its December butadiene (BD) contract at $1,426/tonne, up by $2/tonne from the previous month, a company source said on Monday.

FPCC’s November contract was settled at $1,424/tonne 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.

By Helen Yan