Europe CX December contract assessed at €1,108/tonne

06 December 2013 23:59 Source:ICIS News

LONDON (ICIS)--The European December cyclohexane (CX) contract has been assessed at €1,108/tonne ex-works NWE (northwest Europe), following the €109/tonne ($149/tonne) increase in the December benzene contract price.

The European benzene contract for December settled at €957/tonne FOB (free on board) NWE.

The European CX fourth-quarter delta was agreed at a rollover of €151/tonne, because of balanced supply/demand fundamentals.

The monthly CX contract price is composed of the sum of the monthly benzene contract price and the quarterly CX delta contract.

($1 = €0.73)

By Mark Victory