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NWE May toluene contract price 1st settlement $800/mt vs no April settlement

Petrochemical Alert

NWE May toluene contract price 1st settlement $800/mt vs no April settlement

London — A settlement has been reported for the May European contract price of toluene at $800/mt FOB NWE, a buyer said Monday.

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The seller involved in settling the price could not be immediately reached for a comment.

This came after no settlements were reported in April, following two settlements in March at $715/mt.

The upside moves in the toluene CP were largely down to bullishness in the oil complex, as Brent crude futures hovered at around $74/b.

The toluene 5-30 days spot price was last assessed Friday at $803/mt CIF ARA, stable on the day.

--Sam Hashmi, sam.hashmi@spglobal.com
--Edited by Jonathan Dart, jonathan.dart@spglobal.com