IHS Chemical Week

Aromatics Prices Mostly Higher

10:04 AM MDT | May 23, 2012 | Lindsey Bewley

Aromatics were generally reported to be stronger this week, but with notable exceptions. Spot benzene on the U.S. Gulf zipped higher by 15 cts/gal, reversing several weeks of weakness. Toluene also rose, with sellers hiking offers 15 cts/gal while buyers increased bids only 10 cts/gal. Mixed xylenes, which had been quite robust in previous weeks, showed signs of faltering as derivative markets softened. Spot material was said to be lower by 15 cts/gal. In Europe the pattern was roughly similar. Benzene was reported sharply higher by $80/m.t. but toluene was only...

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