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Aromatics Moving Higher on U.S. Gulf Coast
9:37 AM MST | November 10, 2010 | Lindsey Bewley
Aromatics business reacted more strongly to the run up in crude, with spot benzene on the U.S. Gulf Coast higher by 15 cts/gal. Toluene kept pace with an increase of 10 cts/gal. In Europe spot benzene was traded higher by $15/m.t., while toluene moved up by $20/m.t., players say. Mixed xylenes and styrene worked lower, however, down $10/m.t. and $25/m.t. respectively. Methanol continued its march higher, with a gain of 5 cts/gal in North America and €10/m.t. in Europe. Sellers say the rising spot price justifies what was originally criticized as an excessive...
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