US aromatics markets mostly down this week as energy dips

12 September 2013 22:08  [Source: ICIS news]

HOUSTON (ICIS)--US aromatics spot prices were mostly lower this week, according to trade sources on Thursday, following the overall drop in NYMEX oil futures.

Trade sources said the drop in energy and aromatics prices comes as a diplomatic solution with Syria and the US appeared likely.

US aromatics spot prices had been moving up in recent weeks in part because of supply concerns related to a potential military strike against Syria.

Current September benzene spot prices were at $4.50-4.56/gal ($1,347-1,365/tonne, €1,010-1,024/tonne) FOB (free on board), down from $4.55-4.58/gal FOB on Friday. Benzene spot prices were at a low of $4.45-4.52/gal FOB earlier in the week before moving back up.

Current September mixed xylenes (MX) spot prices are at $4.15-4.23/gal FOB, down from $4.36-4.45/gal FOB on Friday. The MX market saw prompt spot prices at a low of $4.15-4.20/gal FOB earlier in the week before moving slightly higher.

Current nitration-grade (n-grade) toluene spot prices were at $4.13-4.20/gal FOB, a slightly wider range compared with $4.07-4.20/gal FOB on Friday.

($1 = €0.75) 

By: Brian Balboa
+1 713 525 2653

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