IHS Chemical Week

Aromatics Prices on the Decline

1:05 PM MDT | June 6, 2012 | Lindsey Bewley

Aromatics contracts were reported settled early in the week, with June benzene on the U.S. Gulf Coast declining 11 cts/gal. That is still well above prevailing spot prices, which were unchanged, players say. Spot toluene was off 20 cts/gal, while mixed xylenes slipped below toluene with a loss of 30 cts/gal, traders report. The May contract for mixed xylenes tumbled 34 cts/gal. Spot styrene was the sole gainer for the market, with a modest increase of 2 cts/lb, but that was sufficient to enable producers to call a roll for May contracts from April. In Europe...

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