Trade Resources Industry Views The January US Benzene Contract Price Rose to a Settlement of $4.84/Gal

The January US Benzene Contract Price Rose to a Settlement of $4.84/Gal

The January US benzene contract price rose to a settlement of $4.84/gal ($1,448.62/mt), sources said Thursday.

The settlement is up 36 cents and 37 cents from December's split settlement of $4.48/gal and $4.49/gal.

Market participants expected an increase in the benzene contract price as short covering amid low stocks led to upward movement in pricing. It's the highest settlement since $4.80/gal in January 2013, according to Platts data.

US spot prices averaged around $4.73/gal FOB US Gulf Coast in December, Platts data showed.

Spot benzene was bid at $4.76/gal and offered at $4.84/gal Thursday morning.

Source: http://news.chemnet.com/Chemical-News/detail-2223112.html
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US January Benzene CP Settles at $4.84/Gal, Above December's $4.48-4.49/Gal Split: Sources
Topics: Chemicals