01 September 2011 17:32 [Source: ICIS news]
Following several months of confusion and opposing views regarding European pricing, the seller said that it had managed to agree this number with virtually all of its customers.
According to the seller, the market has seen more liquidity in recent weeks and is looking more balanced now.
The seller added: “Most are happy with the contract number, and think it is fair.”
The settlement was agreed on a free on board (FOB) northwest Europe (NWE) basis.
($1 = €0.70)
Additional reporting by Julia Meehan
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