Benzene contracts take plunge

Gibson, Jane
September 2006
ICIS Chemical Business;9/11/2006, Vol. 1 Issue 34, p30
Trade Publication
This article explains that a downtrend in European benzene spot numbers over the past month has seen September's contract settlement slump € 134/ tonne -- its first decline since April 2006. However, with some yet to agree this figure, there were suggestions that a dual contract could emerge. The monthly contract was heard at € 743/tonne free on board northwest Europe -- equivalent to $952.50/tonne. U.S. contracts also dipped, falling 17 cents to $3.55/gal FOB -- well below nominations of $3.70/galon and $3.80/galon.


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