Initial Europe April toluene settles at $1,080-1,085/t, down $5/t

01 April 2011 10:01  [Source: ICIS news]

LONDON (ICIS)--Initial April toluene contracts have been agreed at $1,080-1,085/tonne (€756-760/tonne), down $5/tonne from the previous month, according to one buyer on Friday.

The buyer said that it had settled two contracts at $1,080/tonne and one at $1,085/tonne, citing balanced fundamentals in a thinly traded market for the relative stability from the March settlement.

The contracts are agreed on a free on board (FOB) northwest Europe (NWE) basis.

Further confirmation from other players is pending.

($1 = €0.70)

For more on toluene visit ICIS chemical intelligence

By: Truong Mellor
+44 208 652 3214

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