02 July 2013 17:14 [Source: ICIS news]
LONDON (ICIS)--An initial European Q3 cyclohexane (CX) contract delta has been agreed at €151/tonne ($196/tonne), the buyer and seller confirmed on Tuesday, a €3/tonne rise from the Q2 delta.
The rise was believed to be in response to higher energy costs since the beginning of the second quarter.
The European July benzene contract settled at €978/tonne, down €67/tonne from the previous month.
If the second quarter delta contract is confirmed at €151/tonne, this will yield a July CX contract price of €1,129/tonne ex-works NWE (northwest Europe).
The monthly CX contract price is composed of the sum of the monthly benzene contract price and the quarterly CX delta contract.
($1 = €0.77)
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