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Benzene Moves Higher in U.S., Europe
1:27 PM MDT | July 28, 2010
Aromatics were said to be relatively more active than olefins, maintaining the trend of the past few weeks. Benchmark spot benzene on the U.S. Gulf moved strongly higher, sellers say, with a gain of 17.5 cts/gal in a widening trading range. Toluene was off by a nickel, while mixed xylenes and styrene were said to be quiet. European spot benzene also saw a big bump, gaining $25/m.t. in active trading. Toluene tagged along with a reported gain of $10/m.t. but vertigo ruled the day in mixed xylene trading as spot prices were lower by an average of $115/m.t. traders...
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