IHS Chemical Week

Spot aromatics down after high January contract settlements

1:37 PM MST | January 14, 2013 | Lindsay Frost

Aromatics were down on both sides of the Atlantic, with benzene and styrene driven back from recent highs. Spot benzene on the US Gulf tumbled 40 cts/gal, while toluene held to half that decline, traders report. Mixed xylenes gained 20 cts/gal on word of a record high settlement for the January contract, which rose 33 cts/gal, market watchers say. A similar pattern was revealed in Europe, where benzene plunged $125/m.t., dragging down styrene $120/m.t. In contrast, toluene and mixed xylenes each gained $50/m.t., traders report. Methyl tert-butyl ether joined the...

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