US aromatics wane amid falling crude - reseller

24 November 2008 23:33  [Source: ICIS news]

HOUSTON (ICIS news)--Price cuts on US aromatic solvents, including toluene, xylene, and Aromatic 100 and 150, were made recently amid the drop in energy values, a reseller said on Monday.

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 more on toluene and xylene visit ICIS chemical intelligence
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By: Gene Lockard
1 713 525 2653

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