IHS Chemical Week

Aromatics Contracts Fall on U.S. Gulf Coast, Rise in Europe

2:53 AM MST | December 8, 2010 | Lindsey Bewley

Despite a jump in crude oil prices, producers were not aided in the settlement of December contracts on the U.S. Gulf Coast. Benzene was agreed at a decrease of 14 cts/gal for December, while mixed xylenes were settled lower by 5 cts/gal. In spot business, benzene producers raised offers by 10 cts/gal, but buyers were only willing to increase their bids by 5 cts/gal. There was more uniformity in mixed xylenes, but it was in favor of buyers as the price dropped a dime, players say. In Europe, aromatics prices were stronger, with benzene gaining $20/m.t. market...

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