06 October 2006 09:30 [Source: ICIS news]
LONDON (ICIS news)--The first Q4 cyclohexane (CX) contract delta was settled at €137/tonne on Friday morning, a major producer and buyer said.
This settlement reflected a decrease of €3/tonne from the Q3 contract delta.
More acceptance from other players is needed for the delta to be fully implemented, but this initial settlement would result in an October CX contract price of €951/tonne ex-works NWE, following the recent October benzene contract price of €814/tonne, according to global chemical market intelligence service ICIS pricing.
The main downward factors were the recent softening in energy values and the benzene increase, which gave more relief in terms of CX prices to backward integrated producers.
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