04 June 2010 13:58 [Source: ICIS news]
LONDON (ICIS news)--An initial European June orthoxylene (OX) contract has been settled at €820/tonne ($1,000/tonne), down €25/tonne from May, a producer said on Friday.
According to one player, a reduction for June was in line with the expectations of many in the market due to weaker crude numbers and a generally bearish sentiment in the wider aromatics sector.
The settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.
Further confirmation from other market players was pending.
($1 = €0.82)
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