28 November 2008 17:16 [Source: ICIS news]
LONDON (ICIS news)--An initial December benzene contract has been settled down €131/tonne or 41% from November, a source at a major producer said on Friday.
The settlement was made at a dollar concept of $238/tonne or $239/tonne FOB (free on board) NWE (northwest Europe) and converted to a euro price of €185/tonne FOB NWE at an officially agreed exchange rate of $1.29 to the euro, according to the source.
Final confirmation from other buyers and sellers was pending.
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