IHS Chemical Week

Aromatics Contracts Settle at a Decrease in Europe

11:56 AM MDT | November 2, 2011 | Lindsey Bewley

The benchmark benzene contracts on the U.S. Gulf Coast was settled lower by 18 cts/gal while spot material saw bids decline by 5 cts/gal against no change for offers, traders report. Buyers also dropped bids on spot toluene by a nickel, but sellers were willing to drop offers a dime. The initial October styrene contract was talked lower by 2 cts/lb, but was not broadly agreed at that level. In Europe, the November benzene contract was agreed lower by €41/m.t. while November styrene was settled at a decrease of €25/m.t. On spot markets, sellers...

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