NewsFlash2nd April Europe toluene rises €50/t

01 April 2008 16:15  [Source: ICIS news]

(ICIS news)--A second April European toluene contract has been settled up $50/tonne (€32/tonne) from the midpoint of March settlements, on rising energy values, a producer said on Tuesday.

 

“We have settled at $970/tonne,” the producer said, adding that the contract had been within expected levels.

 

Toluene contracts are settled on a free on board (FOB) northwest Europe (NWE) basis.

 

A first contract had been settled the previous day at $975/tonne FOB NWE, up $55/tonne from the midpoint of the March settlement, at $915-925/tonne FOB NWE. 

 

Players had cited rising energy complex values as the main contributing factor to the increase.

 

Confirmation from the producer’s contract partner, who was absent for the National Petrochemical and Refiners Association (NPRA) industry event in the US, was pending.

 

($1 = €0.63)

 

For more on toluene see ICIS chemical intelligence 

By: Peter Salisbury
+44 20 8652 3214

< previous article(ICIS Podcast: Chemical News Central 2 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly