IHS Chemical Week

Aromatics Prices in Asia Head South

11:41 AM MDT | May 20, 2011 | Lindsey Bewley

Naphtha tumbled downwards to USD 978.0-980.0 on lower crude oil prices, while propylene maintained at USD 1560-1570. Propylene prices are expected to remain in this range as product is in short supply. Benzene prices levels fell to USD 1170-1180 due to lower crude oil prices. The effect is clearly evident on the pricing of styrene as well. The buying mood in both the styrene and benzene markets is weak and the markets are expected to be low as the buyers are watching the situation. Acrylonitrile moved downwards, as buying trends are low at the moment, and some...

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