NewsFlashEurope March toluene settles up $20/t
03 March 2008 11:17 [Source: ICIS news]
LONDON (ICIS news)--An initial Europe March toluene contract has been settled within the $915-925/tonne (€601-611/tonne) range, up $20/tonne on higher spot values, a source at a major producer said on Monday.
The source, who would not disclose the actual number, said the settlement was made around the mid-point of this range, on an FOB (free on board) NWE (northwest
The contract settlement was representative of the spot market at the time the settlement was made, the source said, on Friday afternoon, when spot toluene was valued at $910-930/tonne FOB (free on board) Rotterdam.
Other contract partners said that they were yet to reach a settlement.
($1 = €0.66)
For more on toluene see ICIS chemical intelligence
By: Peter Salisbury
+44 20 8652 3214
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