05 July 2010 15:13 [Source: ICIS news]
LONDON (ICIS news)--An initial European July orthoxylene (OX) contract has been settled at €820/tonne ($1,025/tonne), a rollover from June, one producer said on Monday.
According to the producer involved, the European market was stable in terms of supply and demand fundamentals, and a rollover from the previous month had been largely expected.
The settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.
Further confirmation from other market players was pending
($1 = €0.80)
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