Further spot price hikes seen for US toluene and xylene

26 April 2011 23:40  [Source: ICIS news]

HOUSTON (ICIS)--US truck and railcar spot prices for toluene and xylene are continuing to increase, boosted by strong barge prices and gasoline blending demand, sources said on Tuesday.

Toluene was assessed up 1 cent/lb ($22/tonne, €15/tonne) in both the US Gulf (USG) and midwest.

Xylene prices were assessed up 1 cent/lb at the low end and 2 cents/lb at the high end in both regions.

In the USG, toluene was assessed at 56.00-61.00 cents/lb DEL (delivered), while xylene was assessed at 59.00-64.00 cents/lb DEL.

One producer said it was raising its prices for both toluene and xylene by 2 cents/lb, effective on 25 April.

A distributor confirmed that xylene was continuing to increase its price premium over toluene.

This trend was widely attributed among market participants to ongoing strong demand for US paraxylene (PX).

US aromatic solvent producers include CITGO, ExxonMobil, Flint Hills Resources, Sunoco and Total.

($1 = €0.69)

For more on aromatic and aliphatic solvents visit ICIS chemical intelligence

By: Samuel Weatherlake
+44 20 8652 3214

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