IHS Chemical Week

Aromatics Prices Slide Downward

10:16 AM MDT | May 18, 2012 | Lindsey Bewley

In aromatics bellwether spot benzene skidded 30 cts/gal on the U.S. Gulf Coast, with toluene close behind with a decline of 25 cts/gal. Mixed xylenes were the notable exception, with a gain of 5 cts/gal. Spot styrene, one of the stronger markets lately, slipped 3 cts/lb. There was a similar story in Europe, where spot benzene declined $40/m.t., traders report. Spot toluene held to half that decrease, but spot styrene plunged $100/m.t. Methyl tert-butyl ether was another bright spot, reversing many weeks of steep declines to claw back...

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