NewsFlashInitial Europe Nov benzene down €481/t
31 October 2008 16:08 [Source: ICIS news]
LONDON (ICIS news)--An initial November benzene contract has been settled down €481/tonne ($625/tonne) from October, a source at a major consumer said on Friday.
The settlement was made at a dollar concept of $412/tonne FOB (free on board) NWE (northwest Europe) and converted to a euro price of €316/tonne FOB NWE at an officially agreed exchange rate of $1.3035 to the euro, according to the source.
Final confirmation from other buyers and sellers was pending.
($1 = €0.77)
By: Peter Salisbury
+44 20 8652 3214
< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 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.
|
|
Related Articles
- 28 Nov 08 17:58 Europe Dec benzene falls €131 to €185/t
- 28 Nov 08 17:16 Initial Europe Dec benzene down €131/t
- 13 Nov 08 17:50 Europe spot benzene lowest in over five years
- 03 Nov 08 18:31 Nov US benzene settlement confirmed at $1.60/gal
- 31 Oct 08 21:46 Initial US Nov benzene drops 62%
- 31 Oct 08 20:00 Expectations for US Nov benzene at $1.60/gal
- 28 Oct 08 13:19 Europe styrene sellers fear negative margins
- 27 Oct 08 17:05 Europe benzene at five-year low on supply glut
- 22 Oct 08 15:30 Europe benzene-naphtha spread falls 70%
- 21 Oct 08 18:45 Europe styrene falls to 2005 levels
- 21 Oct 08 16:38 Europe benzene falls on 'disastrous' market
- 13 Oct 08 16:07 Europe aromatics fall 25% on market fears
- 16 Oct 08 16:03 Europe benzene falls 50% in three months
- 08 Oct 08 20:27 Europe benzene, styrene fall 24% in 1 month
- 25 Sep 08 13:37 Europe benzene October to settle early for EPCA
- 19 Sep 08 17:50 Europe benzene, styrene oscillate in global turmoil
- 02 Sep 08 19:37 Third Sept Europe barge styrene settles down €30
- 02 Sep 08 15:38 2nd Europe Sept styrene barge down €30/t
- 21 Aug 08 18:14 Europe benzene spot rises $40/tonne
Latest News
- 20 Nov 09 23:59 Europe Q4 acetic acid settles up at €470-550/tonne
- 20 Nov 09 23:17 EVENING SNAPSHOT - Americas Markets Summary
- 20 Nov 09 22:08 Jan-Oct Argentina chem production rises 11.6% year over year
- 20 Nov 09 21:33 Lyondell can cancel some executive benefits - US court
- 20 Nov 09 21:28 Russia petchems to grow on proximity to China
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential