02 February 2011 11:43 [Source: ICIS news]
LONDON (ICIS)--An initial European February paraxylene (PX) contract has settled at €1,230/tonne ($1,708/tonne), a €110/tonne increase from the January contract price, a producer said on Wednesday.
The settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.
Further confirmation from other market players was pending.
($1 = €0.72)
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