21 April 2009 23:35 [Source: ICIS news]
HOUSTON (ICIS news)--Sellers announced price increases on US truck and railcar xylene and toluene in response to a stronger spot barge market, a distributor said on Tuesday.
The price hikes, which went into effect in mid-April, were for 2-3 cents/lb ($44-66/tonne, €34-51/tonne), and were the first increases heard this year, a reseller said.
Aromatic demand, while increasing early in the second quarter over first-quarter values, remained well under seasonal averages, sellers said. Buyers continued to buy late, and in smaller-than-normal volumes.
US aromatic solvents producers include Citgo, ExxonMobil, Flint Hills Resources, Sunoco and Total.
($1 = €0.77)
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