31 October 2008 21:46 [Source: ICIS news]
HOUSTON (ICIS news)--A US benzene contract for November was initially settled down 62% to $1.60/gal ($480/tonne, €370/tonne), market observers said on Friday.
The FOB (free on board) USG (US Gulf) settlement, down $2.64 from October, was the largest contract drop on record and the lowest contract price since December 2003, according to global chemical market intelligence service ICIS pricing.
Since the settlement of October contracts, ?xml:namespace>
($1 = €0.77)
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