US spot benzene-styrene spread widens

12 September 2016 19:47 Source:ICIS News

HOUSTON (ICIS)--The spread between US spot styrene and upstream spot benzene widened as styrene prices rose, ICIS analysis showed on Monday.

The spread between the two products for the week ended 9 September was 11.27 cents/lb, compared with 10.96 cents/lb the prior week.

The spot benzene range for the week ended 9 September was at a higher level that the previous week. However, expectations that domestic benzene supply is improving capped gains and moved prices lower late in the week.

US spot styrene prices moved higher amid more buying interest and a still-tight market.

By Jessie Waldheim