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Aromatics Lower Across the Board
11:09 AM MDT | May 20, 2010 | Lindsey Bewley
The story was different for spot aromatics, where buyers ran the table. Benzene on the U.S. Gulf was lower by 15 cts/gal, while toluene dropped a dime and mixed xylenes were down by 20 cts/gal. Styrene decreased by 2 cts/lb. In Europe the results were the same, with benzene reported to be lower by $30/m.t., toluene was down by $20/m.t. and mixed xylenes were off by $40/m.t. The loss leader for the week was spot styrene, which was said to be down by $45/m.t. The sole gainer for the week was spot methanol, due to production problems in the Caribbean. It rose...
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