04 October 2012 10:09 [Source: ICIS news]
"Plus €8/tonne is a big compromise from all parties. One good aspect is that this settlement brings the headline price of €1,418/tonne in line with other numbers in the market, and so makes the price processes a little easier to understand."
The contract price was agreed on a free on board (FOB) Amsterdam, Rotterdam, Antwerp (ARA) basis. Further confirmation from other players is pending.
($1 = €0.78)
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