IHS Chemical Week

Aromatics Prices Mixed at Month's End

9:11 AM MST | January 27, 2012 | Lindsey Bewley

Spot benzene and mixed xylenes on the U.S. Gulf Coast gained 20 cts/gal, building on advances of previous weeks. But spot toluene was flat, and spot styrene slipped a penny a pound. In Europe the divergence among aromatics was greater, with spot benzene gaining $40/m.t. while toluene and mixed xylenes added $50/m.t. But styrene flagged to a loss of $80/m.t. traders say. With both ethylene and benzene higher, but styrene lower, margins are under heavy pressure for styrene, market watchers say. Methyl tert-butyl ether was reported lower by $10/m.t., a small change...

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