Initial Europe October benzene contract agreed down by €51/tonne

30 September 2013 17:13  [Source: ICIS news]

LONDON (ICIS)--An initial European October benzene contract has been confirmed at €926/tonne, down €51/tonne from the previous month, one buyer confirmed on Monday.

The contract was agreed at a US dollar concept of $1,254/tonne FOB (free on board) NWE (northwest Europe) and converted to the euro price at the agreed exchange rate of €1:$1.3542.

European benzene spot numbers have gradually edged down over the course of September, the decrease supported by lower Asian and US pricing as well as recent losses on crude oil futures.

Further confirmation from other players is pending.

By: Truong Mellor
+44 208 652 3214

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