15 March 2006 14:52 [Source: ICIS news]
LONDON (ICIS news)--European spot toluene prices were firm at $695-705/tonne on Wednesday ahead of the US market opening after five-month high US prices led to an unusual flurry of spot activity on Tuesday, market sources said. ?xml:namespace>
On Tuesday, spot deals were reported at $693/tonne, $695/tonne, $697/tonne, $699/tonne, $700/tonne, $703/tonne free on board (FOB) ?xml:namespace>
Market sources said buying interest on Wednesday morning remained strong but buyers and sellers were waiting for the market in the
US Gulf premium cash prices surged past $2 a gallon on Monday for the first time since early October 2005, when Hurricane Rita caused many US Gulf refineries to stop production.
Eurograde gasoline barges traded at $602/tonne and $608/tonne FOB ARA on Wednesday, lifting the value of gasoline to five-month highs.
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