IHS Chemical Week

Aromatics Prices Ease in U.S. and Europe

10:07 AM MST | November 23, 2011 | Lindsey Bewley

Spot aromatics were soft on both sides of the Atlantic, with one exception. Benzene on the U.S. Gulf Coast saw buyer drop bids by 20 cts/gal with sellers countering with offers lower by 10 cts/gal. Spot toluene was more organized with a uniform decrease of 15 cts/gal, traders say. Mixed xylenes were the only gainers in the group, as sellers raised offers by 10 cts/gal while buyers were willing to increase bids by 5 cts/gal. Spot styrene responded to the plunge in European prices by falling 6 cts/lb. In Europe, buyers ran the table, with benzene down by $50/m.t...

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