03 November 2008 18:31 [Source: ICIS news]
HOUSTON (ICIS news)--US participants involved with benzene contract negotiations confirmed on Monday that November fully settled down by 62% to $1.60/gal ($480/tonne, €374/tonne).
Falling $2.64 from October, the November FOB (free on board) USG (US Gulf) contract price marked the largest recorded month-on-month drop and reached a level not seen since December 2003, according to global chemical market intelligence service ICIS pricing.
Spot barges for November and December delivery were steady around $1.55-1.59/gal DDP (delivered, duty paid) HTC (?xml:namespace>
($1 = €0.78)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections