IHS Chemical Week

Aromatics Prices Rise

10:38 AM MST | December 28, 2011 | Lindsey Bewley

Benzene was a big winner on both sides of the Atlantic, shooting higher by 30 cts/gal on the U.S. Gulf Coast and by $95/m.t. in Europe. Toluene kept pace on the Gulf Coast with gains of 25 cts/gal, producers say, but was the lone decliner for the week in Europe off an average of $5/m.t. as buyers dropped bids. Mixed xylenes were reported to have modest but steady gains of 15 cts/gal on the Gulf Coast and $10/m.t. in Europe. Styrene was called oversold last week, and recovered by 2 cts/lb in North America and $70/m.t. in Europe...

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