20 September 2013 11:02 [Source: ICIS news]
“The US and Asia are both still firm and this is keeping European values where they are,” said an aromatics trader.
European spot toluene is currently valued at $1,155-1,165/tonne (€855-862/tonne) FOB (free on board) Rotterdam, which is the highest bid/offer range seen since May this year.
However, year on year, spot toluene is considerably cheaper than in September 2012 when it was pegged at an ICIS average of $1,450/tonne because of production problems in Europe.
A seller of toluene said: “[The named trader] offered and there was a firm bid for 3,000 tonnes at $1,155/tonne FOB (free on board) ARA (Amsterdam-Rotterdam-Antwerp). Somebody is looking to move toluene to the US."
($1 = €0.74)
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