Nippon Oil settles Feb ACP $30/tonne higher

01 February 2008 03:59  [Source: ICIS news]

SINGAPORE (ICIS news)--Nippon Oil said on Friday that it has settled the benzene Asian contract price (ACP) for February $30/tonne, or 3%, higher compared with January.      

The ACP for the month of February was settled at $1,015/tonne CFR (cost and freight) Asia, higher than the January settlement of $985/tonne.

The contract price was also in line with firmer spot prices in Asia.

Spot values were pegged at $1,020-1,025/tonne FOB (free on board) Korea on Thursday evening, according to global chemical market intelligence service ICIS pricing.


By: Anu Agarwal
+65 6780 4359

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