Japan’s JX Nippon Oil settles Nov benzene ACP $35/tonne lower

01 November 2011 03:27  [Source: ICIS news]

SINGAPORE (ICIS)--Japanese benzene major JX Nippon Oil has settled its November Asian Contract Price (ACP) $35/tonne (€25/tonne) lower than the previous month’s price, a company source said late on Monday.

The producer reached the ACP settlement for November at $995/tonne CFR (cost & freight) Asia with its customers late on Monday, the source added.

The $35/tonne decline in the November settlement from the October price was in line with the recent weak trend in the spot market.

Spot benzene prices in Asia were hovering at $965-980/tonne FOB (free on board) Korea on Tuesday, down by $5-15/tonne from Monday’s close, according to ICIS pricing.

($1 = €0.72)


By: Mahua Chakravarty
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly