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) ?xml:namespace>
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)
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