Aromatics Markets Uneven

Aromatics were said to be dead quiet on the U.S. Gulf Coast. Benzene buyers dropped bids by 10 cts/gal, while sellers responded with only a 5 cts/gal decrease in offers. September contracts were reportedly agreed with a strong increase of 22 cts/gal, bringing them roughly into line with current spot levels. No meaningful activity was indicated in other aromatics in North America, but in Europe spot benzene and styrene gained $10/m.t. In keeping with the dissonant week, early styrene contracts were agreed at an increase of €38/m.t. even before benzene...

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