02 September 2008 21:34 [Source: ICIS news]
(Adds background in paragraphs 3-5)
The 1-cent FOB (free on board) increase was in line with the initial settlement heard on Friday.
Trade participants said the September benzene contract set a record high compared with the August $4.45/gal contract.
The September benzene increase was said to be based on volatile energy prices, an increase in demand and spot prices.
($1 = €0.68)
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