Europe June toluene down $80-85/tonne on weak gasoline numbers

01 June 2011 17:09  [Source: ICIS news]

LONDON (ICIS)--Europe June toluene contracts have been confirmed at $1,090–1,105/tonne (€752–762/tonne), down $80–85/tonne from the previous month, as the initial settlement gained further support on Wednesday.

A buyer and seller confirmed a deal at $1,090/tonne this afternoon, adding to the settlement seen earlier on Wednesday at $1,105/tonne.

Buyers also confirmed settlements within this range, with the drop in prices attributed to weaker gasoline numbers.

The market is considered reasonably well balanced, with no problems regarding availability.

($1 = €0.69)

For more on toluene, visit ICIS chemical intelligence

By: Amandeep Parmar
+44 208 652 3214

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