NPRA ‘11: Sources point to likely drop in US benzene contract
28 March 2011 00:24 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--The US April benzene contract is likely to settle down following the recent decline in spot prices, aromatics sources said on Sunday at the International Petrochemical Conference (IPC).
Benzene spot prices during the final two weeks of the month are key indicators of where contracts may settle.
Friday’s prompt spot levels in the
Market participants are expected to begin April benzene contract discussions during the IPC.
No April benzene contract nominations have been disclosed.
“I wouldn’t be surprised if ExxonMobil did not come out with a price nomination,” said one aromatics producer.
US benzene producers include BP, ExxonMobil, Flint Hills Resources, LyondellBasell, Shell and Total.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
($1 = €0.71)
For more on benzene visit ICIS chemical intelligence
By: Brian Balboa
+1 713 525 2653
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 |
Related Articles
- 31 Mar 11 23:55 US benzene contract prices fall 51 cents/gal for April
- 27 Mar 11 22:59 NPRA ’11: Phenol premium over benzene widening in US – sources
- 28 Mar 11 05:47 JAPAN DISASTER: JX Nippon Oil nominates Apr benzene ACP higher
- 28 Mar 11 04:24 Guangzhou PC to restart SM and aromatics plants in early April
- 28 Mar 11 01:14 NPRA ’11: US BD surge risks shutdowns downstream
- 28 Mar 11 00:34 NPRA ’11: Construction still waiting for recovery - US Solutia
- 03 Mar 11 17:41 Initial N America February styrene contracts rise 5-8 cents/lb
- 28 Feb 11 17:24 US March benzene contract jumps 4 cents/gal on rising crude
- 25 Feb 11 21:48 US benzene production rises 19% in 2010 - NPRA
- 22 Feb 11 20:57 US March benzene contracts poised to increase as spot firms
Latest News
- 19 Jun 13 21:19 Biofuels to nearly double in road transport use by 2030: exec
- 19 Jun 13 21:13 US Fed says economy likely to make gains, but holds rate steady
- 19 Jun 13 19:32 US propylene inventories increase slightly on higher production
- 19 Jun 13 19:00 VIDEO - ICIS Americas Lunchtime Bulletin 19 June 2013
- 19 Jun 13 18:38 NOON SNAPSHOT - Americas Markets Summary