06 January 2011 12:59 [Source: ICIS news]
LONDON (ICIS)--The European January orthoxylene (OX) contract has been agreed at €875/tonne ($1,151/tonne), a rollover from the December contract price, one producer and one consumer said on Thursday.
According to the consumer, the OX market is currently balanced-to-long with very little spot activity seen in Europe.
Combined with talk of a rollover in the US OX market for January in line with feedstock price movements, the consumer added that this was also a “good solution” for Europe.
Further confirmation from other market players was pending.
The settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.
($1 = €0.76)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections