Nippon Oil settles March benzene ACP lower at $935/tonne
26 February 2010 12:33 [Source: ICIS news]
SINGAPORE (ICIS news)--Nippon Oil has settled the benzene Asian Contract Price (ACP) for March at $15/tonne (€11/tonne) lower than the February price, in line with the weakening trend seen in the spot market this week and due to oversupply in Asia, a source with the Japanese producer said on Friday.
The contract price settlement of $935/tonne CFR (cost and freight)
The company reached the settlement late Friday evening.
Spot benzene prices in Asia dipped to $905-920/tonne FOB (free on board)
($1 = €0.74)
For more on benzene visit ICIS chemical intelligence
Read John Richardson and Malini Hariharan’s Asian Chemical Connections blog
To discuss issues facing the chemical industry visit ICIS connect
By: Mahua Chakravarty
+65 6780 4359
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 31 Mar 10 11:54 Nippon Oil settles April benzene ACP up $45/tonne at $980/tonne
- 26 Feb 10 18:40 March US benzene contract falls 26 cents/gal
- 26 Feb 10 12:44 Japan’s Nippon Oil raises March refinery runs
- 26 Feb 10 09:47 EVENING SNAPSHOT - Asia Markets Summary
- 25 Feb 10 10:56 Japan's Nippon Oil ups March benzene ACP nomination by $40/t
- 19 Feb 10 05:08 Asia benzene surge on US, Europe not expected to last
- 09 Feb 10 05:44 Asia’s naphtha market poised to slow on weak aromatics
- 05 Feb 10 06:01 Asia benzene may fall further on weak crude, ample supply
- 01 Feb 10 04:36 Japan's Nippon Oil settles Feb benzene ACP $50/tonne lower
- 27 Jan 10 07:18 Nippon Oil nominates $90/tonne hike in February benzene ACP
Latest News
- 20 Jun 13 02:41 S Korea’s Lotte buys 25,000 tonnes naphtha at lower premiums
- 19 Jun 13 23:59 Semi-refined paraffin wax prices soften on Poland/Belarus border
- 19 Jun 13 23:59 Europe monoethanolamine prices move down on import pressure
- 19 Jun 13 23:59 Europe fatty acid Q3 negotiations near conclusion
- 19 Jun 13 23:59 Rising Europe fatty alcohol prices drives spot trades