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Benzene contracts for Nov settle in Europe, Asia, US

by ChemOrbis Editorial Team -
  • 03/11/2014 (17:55)
November benzene contracts have been settled in Europe, Asia and the US, according to market sources. In Europe, the November benzene contracts were settled at €935/ton ($1168/ton) CIF ARA. The settlement figure represents a decrease of €110/ton ($137/ton) from October.

In Asia, a Japanese producer settled their November benzene contract at $1095/ton CFR Asia, down $105/ton from October. The producer had initially nominated their November benzene contracts at $1180/ton CFR.

Meanwhile, in the United States, market sources report that the November benzene contract settled at $3.85/gallon ($1115/ton), down 37 cents/gallon ($111/ton) from the October settlement. The November settlement is the lowest contract reported since January 2012.
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