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US September benzene contract down as supply improves

US September benzene contract down as supply improves

HOUSTON (ICIS)--The September benzene contract was agreed to at a split settlement of $4.69-4.70/gal ($1,404-1,407/tonne), according to trade sources on Tuesday. The split settlement, which took place late Friday, was down by 36-37 cents/gal from the August contract price of $5.06/gal FOB (free on board).

The lower US September benzene contract, which represented the second consecutive monthly decline, was in line with market expectations following the recent drop in spot prices alongside improved supply conditions.

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