Initial Europe May OX settles at €1,180/tonne, rollover

09 May 2012 16:34  [Source: ICIS news]

LONDON (ICIS)--An initial European May orthoxylene (OX) contract has settled at €1,180/tonne ($1,532/tonne), a rollover from April, one producer said on Wednesday.

"What I agreed with my customers is a rollover," a producer said.  "The settlement is a compromise."

The OX settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.

Further confirmation from other market players is pending.

($1 = €0.77)

By: Helena Strathearn
+44 208 652 3214

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