benzene forward curve & hedge calculator new market we are trying to develop in benzene swaps - possibly hedging with financial naphtha and physical toluene . rgds , anjam - - - - - - - - - - - - - - - - - - - - - - forwarded by anjam ahmad / lon / ect on 14 / 03 / 2000 10 : 35 - - - - - - - - - - - - - - - - - - - - - - - - - - - anjam ahmad 14 / 03 / 2000 10 : 34 to : robert brewis / lon / ect @ ect , stuart bland / lon / ect @ ect cc : dale surbey / lon / ect @ ect , hrvoje paver / lon / ect @ ect , stinson gibner / hou / ect @ ect , tracy wallace / lon / ect @ ect subject : benzene forward curve & hedge calculator dear all , attached is the spreadsheet " benzenecurves . xls " ( also available in s : \ research \ globalproducts ) that will hopefully allow you to derive a mid - curve for benzene based upon our existing naphtha curve produced by tracy . the previous hedge ratio analysis is still part of the new spreadsheet . for clarity a graph of the curve based on 1996 through 2000 data is depicted below : i can also provide confidence bands on the regression model , if this can assist in deciding the bid - offer spread for the forward curve , but this is slightly more involved - let me know you ' d like this . regards , anjam x 35383 attachment :