30 November 2011 09:01 [Source: ICIS news]
The settlement, which reflects a decrease of €18/tonne from the November contract price, was between the major seller and one of its customers, a major non-integrated consumer.
Confirmation from the buying side is still pending.
The initial settlement emerged on Tuesday between a major producer and two other major non-integrated consumers.
Once full and direct confirmation is received, the minimum “two plus two” producer-consumer combination required to establish the number as the European benchmark will have been achieved.
The contract is settled on a free delivered (FD) northwest European (NWE) basis.
($1 = €0.75)
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