Initial May Europe OX settles up by €35/tonne

05 May 2010 16:39  [Source: ICIS news]

LONDON (ICIS news)--An initial European May orthoxylene (OX) contract has been settled at €845/tonne ($1,097/tonne), up €35/tonne from April, a producer said on Thursday.

“I can confirm €845/tonne. The increase was more or less driven by supply and demand and the general chain,” the producer said.

The settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.

Further confirmation from other market players was pending.

($1 = €0.77)

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By: Julia Meehan
+44 20 8652 3214

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