Initial Europe October toluene settles down $25-30/t at $1,115/tonne

01 October 2013 10:33  [Source: ICIS news]

LONDON (ICIS)--An initial European October toluene contract has been agreed at $1,115/tonne (€825/tonne), one buyer confirmed on Tuesday, down $25-30/tonne from last month’s range.

European pricing has gradually moved down ahead of October in line with falling oil and energy numbers, as well as lower pricing in both Asia and the US.

One major supplier said that it had heard of the $1,115/tonne settlement, but had not agreed anything with its customers yet.

The contract was settled on a free on board (FOB) northwest Europe (NWE) basis. Further confirmation from other players is pending.

($1 = €0.74)


By: Truong Mellor
+44 208 652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly