01 December 2008 07:42 [Source: ICIS news]
SINGAPORE (ICIS news)--Japanese benzene producer Nippon Oil Corp settled its December Asian Contract Price (ACP) $60/tonne (€47/tonne) lower than the previous month’s numbers, a company source said on Monday.
The settlement at $310/tonne CFR (cost and freight) ?xml:namespace>
Nippon Oil’s customers had also requested a lower final price than Asian spot values, which they felt were high compared with other regions, the source said.
Benzene spot prices in Asia were about $350-365/tonne FOB (free on board)
($1 = €0.79)
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