Europe Oct toluene contracts confirmed down $27.50-30/tonne

03 October 2013 12:18  [Source: ICIS news]

LONDON (ICIS)--European October toluene contracts have been agreed at $1,112.50/tonne (€823/tonne) and $1,115/tonne, sources confirmed on Thursday, down $27.50-30/tonne from last month’s range.

Following an initial settlement done at $1,115/tonne earlier this week, one pair of settling parties later agreed October volumes at $1,112.50/tonne.

Two major European suppliers confirmed on Thursday that they had agreed October contracts with their customers between these two numbers.

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.

The contracts were settled on a free on board (FOB) northwest Europe (NWE) basis.

($1 = €0.74)

By: Truong Mellor
+44 208 652 3214

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