04 November 2009 13:47 [Source: ICIS news]
LONDON (ICIS news)--An initial European November orthoxylene (OX) contract has settled at €650/tonne ($956/tonne), up €35/tonne from October, a producer and a buyer said on Wednesday.
The settlement was agreed on a free on board (FOB) northwest Europe (NWE) basis.
“We haven’t seen any major pick-up in demand or export opportunities,” said the buyer involved.
“However, availability was shortened by the problems with the ?xml:namespace>
The buyer added that producers were originally looking for an increase of €70/tonne and that the €35/tonne-hike was a compromise.
Further confirmation from other market players was pending.
($1 = €0.68)
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