Nippon Oil Oct benzene ACP dips $35/tonne

25 September 2008 04:08  [Source: ICIS news]

SINGAPORE (ICIS news)--Japanese benzene producer, Nippon Oil, has nominated its October Asian Contract Price (ACP) for benzene at $1,150/tonne (€782/tonne), $35/tonne lower compared to the previous month’s settlement, said a company source late on Wednesday.

 

On a cost and freight (CFR) Asia basis, the October nomination was 3% lower than the September settlement as crude oil and spot benzene values declined in the past month, the source said.

 

The company plans to negotiate and settle the October contract price next Tuesday, he added.

 

Benzene spot prices in Asia were assessed at $1,105-1,120/tonne FOB (free on board) Korea on Thursday, about $10-15/tonne lower than Wednesday, according to global chemical market intelligence service ICIS pricing.

 

($1 = € 0.68)

 

For more on benzene visit ICIS chemical intelligence

Please visit the complete ICIS plants and projects database

To discuss issues facing the chemical industry go to ICIS connect

By: Mahua Chakravarty
+65 6780 4359

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