IHS Chemical Week

Aromatics prices drop

1:53 PM MDT | March 11, 2013 | Lindsay Frost

Aromatics were weaker across the board on US Gulf Coast and European spot markets, but contracts were settled higher in Europe. The benzene contract for March on the US Gulf was settled lower by 11 cts/gal, while the mixed xylenes contract was concluded lower by 6 cts/gal, players report. On the spot side, benzene slipped 15 cts/gal, while styrene was off 2 cts/lb. In Europe, the benzene contract was agreed higher by €14/m.t. ($18) while styrene was concluded at an increase of €27/m.t. as both feedstocks were higher. Spot business, however, was...

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