IHS Chemical Week

Aromatics Prices Fall, Again

8:43 AM MDT | September 29, 2011 | Lindsey Bewley

In aromatics there had not been any contract settlements by midweek, but spot activity was said to be lower. Benzene on the U.S. Gulf declined by 10 cts/gal, while toluene tumbled 25 cts/gal. Styrene fell 5 cts/lb, breaking below the psychologically important level of 60 cts/lb, market watchers note. In Europe the pattern was similar. Benzene was reported to move in a sharply narrower trading band, with bids lower by $30/m.t. and offers closing in by $50/m.t. Spot styrene in Europe was the notable gainer for the week, adding a nominal $10/m.t. buyers say...

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