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Aromatics Activity Picks Up in Europe, U.S.
2:38 PM MDT | October 7, 2010 | Lindsey Bewley
Spot benzene on the U.S. Gulf spiked 30 cts/gal, but neither toluene nor mixed xylenes were much moved. Physical volumes were not much moved either, as a barge knocked a power line tower into the Houston Ship Channel, blocking movements in either direction for several days. Styrene traders forged ahead, however, settling the September contract price at an increase of 2 cts/lb. Spot prices rose the same amount. In Europe, contracts were settled for benzene at a decrease of €36/m.t. and for styrene at a decrease of €101/m.t. Despite those...
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