Aromatics Tumble in U.S. and Europe

Aromatics were generally lower, some sharply so, players say. Spot benzene on the U.S. Gulf Coast dropped 30 cts/gal while both toluene and mixed xylenes were off by 20 cts/gal. Styrene was one of the few bright points, adding another 2 cts/lb on top of last week’s gains. In Europe the losses were more universal. Benzene crumpled $85/m.t. while toluene and mixed xylenes held losses to $10/m.t. and $20/m.t. respectively, traders report. Styrene was the loss leader in the group, tumbling an average of $120/m.t. in a widening trading range. Methanol was...

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