US April benzene contract down on market fundamentals

28 March 2013 20:18  [Source: ICIS news]

HOUSTON (ICIS)--The US April benzene contract dropped 33 cents/gal to settle at $4.36/gal ($1,305/tonne, €1,018/tonne) on Thursday, following weak demand, improved supply and weaker benzene prices overseas, according to trade sources.

Trade participants also cited the recent decline in US benzene spot prices during the month, as a determining factor in the direction of the April contract.

The decline was expected, and represented the third consecutive monthly drop for the US benzene contract.   

($1 = €0.78)

By: Brian Balboa
+1 713 525 2653

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