19 March 2010 16:00 [Source: ICIS news]
LONDON (ICIS news--An initial European second quarter methanol contract price (CP) has been agreed up €15/tonne at €250/tonne ($342/tonne), between Helm AG and a European consumer said, the involved parties said on Friday.
“I think this price follows the general market trend as well as our forecast that economics will pick up in April,” a source at Helm said.
Other European players currently in negotiations over the quarterly contract price indicated that €250/tonne was in the right range, but were unable to confirm the price as yet.
The first quarter contract price was settled at €235/tonne FOB (free on board) ?xml:namespace>
European spot prices were steady throughout the week at €217-€219.50/tonne until Friday afternoon, when a deal for April was done at €212.5/tonne.
($1 = €0.73)
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