29 August 2013 16:11 [Source: ICIS news]
HOUSTON (ICIS)--Although the geopolitical concerns of a potential military strike against Syria by Western powers has helped to push NYMEX WTI and Brent crude higher, the reaction in US petrochemicals has been mixed, according to trade participants on Thursday.
Prices in the aromatics markets late on Wednesday were mostly stronger on the day, with trade participants pointing to concerns of a military conflict with ?xml:namespace>
Current benzene spot prices this morning were down by 2 cents/gal but were still up from the previous week.
Meanwhile, buying interest for toluene and mixed xylene (MX) late on Wednesday was stronger. Prompt MX bid/offer levels were at $4.35-4.45/gal FOB, as bids firmed from $4.25/gal the previous day while offer levels were flat.
Prompt toluene bid/offers also narrowed to $4.00-4.10/gal FOB during the day with bids moving up from $3.95/gal the previous day.
August ethylene prices were steady as material traded at 55 cents/lb, flat with two trades the previous day.
August polymer-grade propylene (PGP) bid/offer levels narrowed to 66.50-67.75 cents/lb from 66.00-69.00 cents/lb the previous day.
($1 = €0.75)
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