22 November 2005 18:23 [Source: ICIS news]
BUENOS AIRES (ICIS news)--A return to regular benzene tenders held on free on board (FOB) Brazil terms in 2006 would be unlikely as most export material continued moving either under contract terms or via delivered basis spot sales, market sources said on Tuesday.
Through the early 2000s, Brazilian aromatics producers such as Copesul and Braskem frequently tendered export benzene parcels on FOB ?xml:namespace>
Late this year, however, sources have agreed there was little chance of a return to regular FOB
Traders confirmed that Copesul’s benzene-toluene-methyl tertiary butyl ether (MTBE) and solvent C7/C8 exports were being handled on delivered terms, with no plans of reverting to FOB sales, thanks to freight rate benefits achieved from accumulating 10,000-12,000 tonne combination cargoes for export to the US Gulf.
In the meantime, Braskem’s aromatics exports toward the
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