US benzene spot values rise, pass $3/gal threshold
Jessie Waldheim
24-Apr-2015
HOUSTON (ICIS)–US spot benzene values rose on Friday an average of 4.2% over the week prior.
The bid/offer range for US spot benzene was assessed by ICIS at $2.89-3.00/gal FOB (free on board) on Friday, compared with $2.77-2.88/gal FOB the previous Friday.
US benzene spot values have been below the $3.00/gal threshold since 5 December, when prices were assessed at $2.98-3.00/gal FOB.
The recent increase in benzene values has followed six consecutive weeks of increases in NYMEX WTI prompt month crude oil futures
A benzene spot deal was heard on Thursday at $3.025/gal FOB, but the bid/offer level retreated slightly as gains in WTI crude futures stalled.
Major benzene producers include ExxonMobil, Flint Hills
Resources, LyondellBasell, Marathon Petroleum, Shell and
Phillips 66.
Global News + ICIS Chemical Business (ICB)
See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.
Contact us
Partnering with ICIS unlocks a vision of a future you can trust and achieve. We leverage our unrivalled network of industry experts to deliver a comprehensive market view based on independent and reliable data, insight and analytics.
Contact us to learn how we can support you as you transact today and plan for tomorrow.
READ MORE
