Equistar nominates 90-cent benzene price hike for July
27 June 2005 20:14 [Source: ICIS news]
HOUSTON (CNI)--Equistar has nominated a July benzene contract price increase of 90 cents/gal to $3.20 (Euro2.63)/gal, US buyers said Monday.
The nominated increase represents a nearly 40% boost over the June benzene contract settlement of $2.30/gal.
Houston-based Equistar officials were not immediately available for comment Monday.
Equistar’s $3.20/gal nomination for July contracts comes after July benzene spot business was done as high as $2.95/gal FOB USG on Friday.
June spot benzene prices were assessed today at $2.95-3.00/gal FOB USG for July loading. Trading today has been thin, sources said.
By: Aaron Goetze
+1 713 525 2653
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