Katrina: US aromatic spot prices increase sharply

29 August 2005 22:56  [Source: ICIS news]

HOUSTON (ICIS news)--US aromatic solvent spot prices increased as much as 40 cents/gal on Monday as Hurricane Katrina forced a number of Louisiana and Mississippi refineries to shut down.

 

September benzene spot offers emerged in the morning at $2.50/gal FOB US Gulf (USG) and $2.45/gal DDP USG, up from Friday’s $2.24-2.33/gal FOB USG bid/offer range. September deals were done later in the day at $2.50/gal FOB USG, $2.39/gal DDP Houston-Texas City (HTC), $2.40/gal DDP HTC and $2.40/gal DDP Mississippi River.

 

Gasoline blenders reportedly bought toluene spot cargos at $2.55/gal DDP USG for first-half September delivery and $2.58/gal DDP USG for delivery by 4 September, up as much as 40 cents/gal from the Friday spot range of $2.18-2.25/gal FOB USG. A late-afternoon deal was done at $2.48/gal DDP USG for 1-20 September delivery.

 

Mixed xylene (MX) spot business was reportedly done at least once at $2.53/gal DDP USG, up about 20 cents/gal from 26 August.

By: Aaron Goetze
+1 713 525 2653

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