06 January 2009 16:26 [Source: ICIS news]
LONDON (ICIS news)--The European January benzene contract price has now been widely accepted at €180/tonne, three producers and three consumers said on Tuesday.
The settlement was made at a dollar concept of $257/tonne FOB (free on board) ?xml:namespace>
One benzene consumer said the new contract price “could be considered to be a rollover”, as it only saw a decrease of $5/tonne or 3% from December.
With spot levels in the last days of December seen between $250-260/tonne, the January contract price was “as fair as any”, according to an involved buyer.
January spot prices were now seen higher, with several deals on Tuesday confirmed between $280-290/tonne CIF (cost, insurance, freight) ARA (
An upturn in crude levels, sparked by pay disagreements between
($1 = €0.74)
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