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Aromatics prices settled lower
9:42 AM MDT | March 10, 2014 | Lindsay Frost
Aromatics contracts prices for March were settled lower on both sides of the Atlantic, traders report. The benchmark benzene contract on the US Gulf Coast slumped 14 cts/gal for March while the spot price skidded 20 cts/gal. In a pair of late closings, February mixed xylenes were settled at a decrease of 13 cts/gal, but February benzene contracts were revised higher by 10 cts/lb, in part due to the sharp increases in feedstocks during that month, players say. Spot styrene gained 5 cts/lb. In Europe, spot aromatics were reported stronger, even as March contracts...
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