17 May 2007 00:00 [Source: ICIS news]
HOUSTON (ICIS news)--May benzene prices held steady on Wednesday after Valero’s 130,000 bbl/day refinery in ?xml:namespace>
Current May US benzene spot prices were at $4.15-4.20/gal FOB (free on board) HTC (
Valero said process units at the
Production is expected back to normal next week, but Valero estimated it will lose about 64,000 bbl/day of gasoline and 44,000 bbl/day of distillate in the meantime.
Market participants said a crude unit at Valero’s 295,000
The company would not comment on day-to-day operations, but said there was no material impact on production at its
A Houston-based aromatics broker said the additional refinery glitches were not good for the market and helped to push benzene prices higher in April and May.
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