IHS Chemical Week

Aromatics Firm in U.S. and Europe

12:11 PM MST | January 12, 2011 | Lindsey Bewley

Aromatics markets were mostly firmer, if uneven, players say. Bids for spot benzene on the U.S. Gulf Coast rose 10 cts/gal while offers inched higher by half that. Action was thinner in toluene, where bids rose 5 cts/gal against steady offers. Styrene slipped back 2 cts/lb. In Europe the pattern was similar, with sellers raising offers for benzene by $20/m.t. while buyers were only willing to raise bids $10/m.t. Toluene saw bids rise by $10/m.t. against steady offers. Spot styrene was the loss leader for the week, declining $20/m.t. The big winner was methyl...

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