Initial Europe June toluene settles at $1,105/t, down $65-85/t

01 June 2011 11:12  [Source: ICIS news]

LONDON (ICIS)--An initial European toluene contract for June has been agreed at $1,105/tonne (€762/tonne), down $65-85/tonne from the previous month, according to one seller on Wednesday.

The contract was agreed on a free on board (FOB) northwest Europe (NWE) basis.

The seller said that the drop was due to a realignment with falling energy prices, with gasoline and benzene both down compared with last month.

Further confirmation from other players is pending.

($1 = €0.69)

For more on toluene visit ICIS chemical intelligence

By: Amandeep Parmar
+44 208 652 3214

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