09 April 2009 15:41 [Source: ICIS news]
LONDON (ICIS news)--An initial April European orthoxylene (OX) contract price has been agreed up €20 at €570/tonne ($750/tonne), a producer and a buyer said on Thursday.
The contract was settled on a free on board (FOB) ?xml:namespace>
According to one buyer, the €20/tonne increase had been expected, despite the continued slump in buying activity in downstream sectors.
“The arbitrage window to Asia is open, and supply in
Further confirmation from other market players was pending.
($1 = €0.76)
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