US aromatics players see new brokerage enter market

15 May 2013 20:23  [Source: ICIS news]

HOUSTON (ICIS)--US aromatics trade participants said on Thursday that Texas-based petrochemical firm Accord Petrochemical Brokerage has entered into the US aromatics market.

The company, which has primarily brokered the US olefins market, could not be reached for comment on the reported move into aromatics.

However, market participants have said the company would likely focus on benzene, toluene and mixed xylene (MX).

Reaction to Accord’s arrival into the aromatics market has been mixed thus far.

Some US aromatics trade participants said another broker could open up the markets more to transparency and more competition, while others have said it could mean less clarity in the aromatics market.

Other brokers in the aromatics market include Blue Ocean, Fusion, West End Energy and Houston Mercantile Exchange.

By: Brian Balboa
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