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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