29 May 2013 21:08 [Source: ICIS news]
HOUSTON (ICIS)--The upcoming US June benzene contract settlement is expected to settle lower this week, following a lacklustre spot market, according to trade sources on Wednesday.
Trade participants said they expect the June contract to settle in the low $4.40s/gal ($1,317/tonne), following the drop in spot levels this week.
Spot prices in late May have been mostly below the May benzene contract price of $4.47/gal free on board (FOB). Current benzene spot prices are at $4.37-4.39/gal FOB.
The benzene contract typically settles on the final day of the month.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections