Initial Europe May toluene settles at $903-909/tonne

30 April 2010 16:28  [Source: ICIS news]

LONDON (ICIS news)--Some initial May European toluene contracts have been agreed at $903-909/tonne (€686-691/tonne), within the previous month’s range of $892-910/tonne, one buyer and two sellers said on Friday.

The contracts were agreed on a free on board (FOB) northwest Europe (NWE) basis.

One buyer said it had settled May contracts between $903-905/tonne on Friday afternoon.

A seller later confirmed it had agreed May at $903/tonne, largely on balanced market fundamentals.

“Demand seems to be healthy,” said one producer, who confirmed that it had settled contracts at $905-909/tonne.

“Customers have been nominating maximum volumes, so the market appears to be healthy.”

Confirmation from other market players was pending.

($1 = €0.76)

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By: Truong Mellor
+44 208 652 3214

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