27 September 2013 16:52 [Source: ICIS news]
HOUSTON (ICIS)--The ?xml:namespace>
The benzene spot market has been volatile during September, leading to a mixed reaction on which direction the October benzene contract will move.
Benzene spot prices peaked at about $4.55/gal in early September, following a nearly month long increase in aromatics prices on the back tight supply expectations. The September peak was also attributed in part to supply concerns related to a potential military strike against
US benzene spot prices would gradually come down for the remainder of September as geopolitical tensions with
Current benzene spot prices were at $4.27-4.35/gal FOB (free on board), below the September contract price of $4.40/gal.
The benzene contract typically settles at the end of the month, but some market participants said the September contract could settle before the weekend.
($1 = €0.74)
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