IHS Chemical Week

Aromatics Trading Uneven, Players say

9:34 AM MST | December 16, 2010 | Lindsey Bewley

Aromatics were uneven mid-month, players say. Buyers raised bids for spot benzene on the U.S. Gulf Coast by 15 cts/gal, but sellers outpaced them by moving offers higher by 20 cts/gal. The exceptions to the scattergun market were toluene and mixed xylenes, traders say, which were not only higher by 5 cts/gal each, but were level with each other. European spot benzene activity saw the inverse of Gulf Coast business: buyers were willing to pay $20/m.t. more, while sellers only increased offers by $10/m.t. Spot toluene was the loss leader for the week, tumbling...

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