benzene forward curve hedge calculator new market trying develop benzene swaps possibly hedging financial naphtha physical toluene rgds anjam forwarded anjam ahmad lon ect 14 03 2000 10 35 anjam ahmad 14 03 2000 10 34 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 attached spreadsheet benzenecurves xls also available research globalproducts hopefully allow derive mid curve benzene based upon existing naphtha curve produced tracy previous hedge ratio analysis still part new spreadsheet clarity graph curve based 1996 2000 data depicted also provide confidence bands regression model assist deciding bid offer spread forward curve slightly involved let know like regards anjam x 35383 attachment