Aromatics Europe Transcript
The European daily aromatics report covers spot markets including benzene, styrene, toluene and paraxylene.
The benzene quotation depicts the current month, and the forward month and is quoted on a CIF ARA basis. The range is made up from confirmed deals done throughout the day’s trading.
In the absence of any spot deals, the range is set using the lowest bid and highest offer recorded in the market on that particular day.
The styrene quotation mirrors that of benzene, as in the way the information is gathered and published. However the quotation is on a Free On Board, Rotterdam basis.
Paraxylene and toluene quotations are both for the current month. The information is gathered in exactly the same way as benzene and styrene both quotes are on a Free On Board, Rotterdam basis.