Initial Sept benzene CP settled at €977/tonne

30 August 2013 16:24 Source:ICIS News

LONDON (ICIS)--An initial European September benzene contract has been confirmed at €977/tonne, up €31/tonne from the previous month, one buyer confirmed on Friday.

The contract was agreed at a US dollar concept of $1,296/tonne FOB (free on board) NWE (northwest Europe) and converted to the euro price at the agreed exchange rate of €1:$1.3265.

Further confirmation from other players is pending.

By Truong Mellor