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May benzene contract settles in Europe

by ChemOrbis Editorial Team -
  • 01/05/2016 (13:40)
According to market sources, May benzene contracts have been settled in Europe. An initial settlement was agreed at €599/ton ($686/ton with recent parity) FD NWE. The latest level indicated decreases of €12/ton ($14/ton) and €17/ton ($19/ton) with respect to April, when two different contrat settlements were reported.

Spot benzene prices in the region gained around $30/ton (€26/ton) on CIF NWE basis during the month of April. Now, players are waiting to hear new May styrene settlement in Europe.
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