IHS Chemical Week

Most Aromatics Remain Down

11:07 AM MDT | May 26, 2010

Buyers ruled the day in aromatics, knocking spot benzene prices in Europe down $145/m.t. or about 14%. Losses on U.S. Gulf Coast benzene were about 11% or 35 cts/gal. Other aromatics were reported lower, but by lesser degrees. Spot toluene in Europe was off by $30/m.t. while styrene declined $80/m.t. Sellers tried to stem the tide by raising offers for mixed xylenes by $50/m.t. but bids were unchanged. Trading was even more quiet on the Gulf Coast. Offers for toluene rose 5 cts/gal, against flat bids, while mixed xylenes moved higher by that same amount. The May...

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