24 November 2008 23:33 [Source: ICIS news]
Toluene and xylene price cuts were announced by one producer, sending US Gulf (USG) delivered prices for toluene to 38-42 cents/lb ($838-926/tonne, €662-732/tonne), down from 47-52 cents/lb, and xylene to 40.0-43.0 cents/lb, down from 47.5-52.5 cents/lb.
Aromatic 100 and 150 prices were lowered by another producer, putting USG delivered prices for Aromatic 100 at about 48-52 cents/lb, down from 53.0-56.5 cents/lb, and Aromatic 150 at about 59.5-61 cents/lb, down from 61.0-67.0 cents/lb, the reseller said.
The waning crude oil market was said to have driven the aromatic solvent price cuts, with West Texas Intermediate (WTI) crude oil futures prices recently dipping below $50/bbl before recovering to the mid-$54s/bbl on Monday.
US aromatic solvents producers include Citgo, ExxonMobil, Flint Hills Resources, Sunoco and Total.
($1 = €0.79)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections