25 March 2013 20:43 [Source: ICIS news]
SAN ANTONIO (ICIS)--US aromatics truck and rail suppliers and distributors said on Monday they plan to lower prices further on toluene and xylene, following the trend seen in barge spot prices.
Speaking on the sidelines of the American Fuel & Petrochemical Manufacturers' (AFPM) International Petrochemical Conference (IPC), one US Gulf distributor said it plans to drop its toluene price to 63 cents/lb ($1,389/tonne) FOB (free on board), and its xylene price to 64 cents/lb FOB.
Another US Gulf distributor is also expected to follow suit and lower its prices this week.
Meanwhile in the Midwest, no suppliers or distributors have lowered their prices on toluene or xylene yet.
However, one Midwest producer said it was looking as moving its price down in relation to toluene and xylene barge spot prices.
Current toluene prices in the US Gulf are at 66-69 cents/lb on a delivered (DEL) basis, while Midwest prices are at 65-67 cents/lb DEL.
Meanwhile, xylene prices in the US Gulf are at 69-73 cents/lb DEL, while Midwest xylene prices are at 70.50-71.50 cents/lb.
DEL toluene and xylene prices are typically 2 cents/lb above FOB prices, depending on freight costs.
The IPC takes place from Sunday through Tuesday.
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