NewsFlashFirst Euro Q1 cyclohexane settlement at Euro155/tonne

13 January 2006 16:01  [Source: ICIS news]

higher gas costs drive cyclohexane pricesLONDON (ICIS news)--The first European Q1 cyclohexane contract delta was settled on Friday at Euro155/tonne ex-works NWE, an increase of Euro20-29/tonne (16-21%) from Q4, the producer and consumer confirmed.
 
The producer also settled the same contract price with another consumer on Friday.
 
The consumer was hopeful of concluding further supply contracts at the same price on Monday.
 
Other producers had been targeting an increase of Euro30-39/tonne to Euro165/tonne free on board (FOB) Northwest Europe (NWE).
 
Demand for an increase in the cyclohexane delta was driven partly driven by higher gas costs, producers and consumers involved in the negotiations said earlier on Friday.

By: Barbara Ortner
+44 20 8652 3214



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