Initial Europe Dec toluene settles up on supply issues, spot values

02 December 2010 12:48  [Source: ICIS news]

LONDON (ICIS)--Initial December toluene contracts have been agreed at $962.50-965/tonne (€731.50-733.40/tonne), up $75-77.50/tonne from the previous month, according to one seller and one buyer on Thursday.

The buyer confirmed that it had settled December at $962.50/tonne. Later, one supplier said that it had agreed December contracts at $965/tonne.

According to the supplier, the values were a reflection of where the current market is based on supply constraints and recent spot values.

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

Confirmation from other market players was pending.

($1 = €0.76)

For more on toluene visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly