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Aromatics Prices Take a Tumble
9:52 AM MDT | June 21, 2012 | Lindsey Bewley
Gulf Coast aromatics were weak and weaker, with spot benzene slumping 15 cts/gal. Toluene tumbled 25 cts/gal and mixed xylenes plunged 45 cts/gal, or 11.5%. In Europe spot benzene took a pounding, with traders reporting a rare triple-digit one-week plunge of $100/m.t. In contrast to the Gulf coast, European tolene and xylenes were able to hold the line, players say. After a big tumble last week, there were only minor adjustments noted in styrene, with sellers shaving $20/m.t. off their highest offers...
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