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Aromatics Make Modest Increases
9:20 AM MST | December 1, 2010 | Lindsey Bewley
Swiftly settled but modest increases were also the order of the day for European aromatics contracts. Benzene was reported done at an increase of €27/m.t. while initial styrene barges were settled at an increase of €38/m.t. In contrast to olefins markets, spot aromatics trading was said to be robust. Sellers hiked offers by $20/m.t. but buyers say they only bid $10/m.t. higher. Spot toluene was the loss leader for the week, tumbling $50/m.t. as demand from motor fuels declined in the onset of winter weather. Mixed xylenes also slipped $30/m.t. but...
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