NewsFlashNippon hikes March Asia benzene $115/t
25 February 2008 11:34 [Source: ICIS news]
SINGAPORE (ICIS news)--Japanese aromatics major Nippon Oil has nominated its benzene Asia Contract Price (ACP) for March $115/tonne higher than the previous month on the back of the recent hike in spot prices on US and Asia markets, said a company source on Monday.
March ACP nominations were announced at $1,130/tonne CFR (cost and freight)
The company increased the March ACP to bring it in line with the recent uptrend in the
Asia’s benzene prices were currently assessed stable at $1,095-1,105/tonne FOB
By: Mahua Chakravarty
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