NewsFlashInitial Europe November benzene contract settles at €660/t

31 October 2011 15:54  [Source: ICIS news]

LONDON (ICIS)--An initial European November benzene contract has been agreed at €660/tonne ($930/tonne), down €41/tonne from the previous month, one seller confirmed on Monday.

The settlement was made at a US dollar concept of $935/tonne FOB (free on board) NWE (northwest Europe) and converted to the euro price at the officially agreed exchange rate of €1 to $1.416. Further confirmation from other players is pending.

($1 = €0.71)

By: Truong Mellor
+44 208 652 3214

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