On October 14, spot benzene prices in the U.S. Gulf Coast region rose for the second consecutive day, with market feedback indicating robust demand and rising energy integrated value.
The assessment for October benzene was set at 560 cents/gallon DDP, up 18 cents/gallon from the previous day. November feedstock assessments were pegged at 541 cents/gallon DDP, and December assessments at 517 cents/gallon DDP, both also up 18 cents/gallon.
October benzene prices were assessed at 563 cents/gallon FOB, an increase of 18 cents/gallon over the prior day. November assessments stood at 544 cents/gallon FOB, up 18 cents/gallon, while December assessments were at 520 cents/gallon FOB, similarly gaining 18 cents/gallon.
A single trade was reported on the day at 549 cents/gallon, Lower Mississippi River (LMR) basis, for November delivery.
U.S. benzene market prices are currently very high, with one trader noting that European styrene markets remain exceptionally strong.
Spot ethylbenzene (EB) prices for October were assessed at 500 cents/gallon DDP, up 1 cent/gallon from the previous day. November EB DDP assessments were placed at 486 cents/gallon, also up 1 cent/gallon.
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