NewsFlashNippon hikes Asia March benzene $75/t

29 February 2008 13:08  [Source: ICIS news]

SINGAPORE (ICIS news)--Japanese aromatics major Nippon Oil has settled its benzene Asia contract price (ACP) for March $75/tonne (€49/tonne) higher than the previous month in line with the recent uptrend in US and Asia spot markets, said a company source on Friday.

  

It was settled at $1,090/tonne CFR (cost and freight) Asia, compared with February’s settlement of $1,015/tonne. 

 

Earlier in the week, the company announced the nominations at $1,130/tonne CFR Asia. 

 

Meanwhile, Asia’s benzene prices were assessed largely stable at $1,085-1,095/tonne FOB (free on board) Korea, according to global chemical market intelligence service ICIS pricing.  

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Author: Mahua Chakravarty
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