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

By: Truong Mellor
+44 208 652 3214

AddThis Social Bookmark Button

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