IHS Chemical Week

Aromatics Prices Mostly Up in U.S. and Europe

9:32 AM MDT | August 28, 2012 | Lindsay Frost

North American aromatics markets were lower, with BTX in a rare coordinated retreat—down 10 cts/gal—market watchers report. As noted for styrene, existing plant outages were exacerbated this week by low water on the Mississippi River. Styrene spiked 3 cts/lb and is expected to go higher as force majeure declarations are made in both monomer and polymer. In Europe aromatics were stronger, players report, with benzene bids higher by $35/m.t. against offers higher by $45/m.t. Similarly, toluene bids were up $10/m.t. against offers higher by $20/m.t...

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