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
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