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Aromatics Activity Uneven, Players Say
10:26 AM MDT | April 19, 2012 | Lindsey Bewley
Aromatics were traded raggedly, players say. Spot benzene on the U.S. Gulf Coast was unchanged for the second week in a row, but the bounced higher by $50/m.t. in Europe, reversing a loss the previous week. Tolulene and mixed xylenes were both said to be flat in Europe, but declined on the Gulf Coast. Sellers conceed toluene was off 10 cts/gal and MX lower by 15 cts/gal. The only similarity was in styrene, higher by 2 cts/lb on the Gulf Coast and $50/m.t. in Europe. Operational problems were reported at Shell’s plant in Moerdjk, the Netherlands and BASF...
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