03 December 2012 09:32 [Source: ICIS news]
Spot pricing has started to ease as the year-end approaches and players begin inventory management. While demand has been seasonally weak, there have been concerns about the availability of toluene di-isocyanate (TDI) grade material which have helped support selling indications throughout November.
Buyers in the spot market have moved below the $1,300/tonne level, while sellers remain above it, with one trader pegging offers as high as $1,340/tonne still. However, continued illiquidity in Europe has left it hard to understand where the market should be valued.
The contract was settled on a free on board (FOB) northwest Europe (NWE) basis. Further confirmation from other players is pending.
($1 = €0.77)
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