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Some market participants said they expect the September benzene contract to settle within a range of $4.40-4.42/gal ($1,317-1,323/tonne, €988-992/tonne), which is 23-25 cents/gal above the August contract price of $4.17/gal.
Current benzene spot prices are at $4.37-4.42/gal FOB (free on board), also well above the August contract price.
The benzene contract typically settles at the end of the month.
($1 = €0.75)