US Jan benzene contract could settle up 20-25 cents

28 December 2005 19:19  [Source: ICIS news]

HOUSTON (ICIS news)--US January benzene contract prices could settle up 20-25 cents/gallon within a $2.35-2.40/gallon free on board (FOB) range (Euro591-603/tonne FOB) due to rising spot prices in December, market sources said on Wednesday.

January spot business has been done within a wide spread of $2.29-2.52/gallon during 5-28 December, 11-34 cents/gallon above the $2.18/gallon FOB settlement for December benzene contracts.

January spot numbers have been no lower than the mid $2.30s/gallon FOB Houston-Texas City (HTC) during the second half of the month. The January bid/offer range was assessed at $2.48-2.54/gallon FOB HTC on 28 December.

Traders said January benzene contract prices were nominated at $2.60/gallon FOB and $2.70/gallon FOB, 19.3% and 23.9% above the $2.18/gallon FOB December contract agreement, respectively.


By: Aaron Goetze
+1 713 525 2653



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