Plastics Reclamation Plant Liquidation
Sortation, Grinding, Washing and Starlinger Equipment For Sale
Equipment sold individually
Bids accepted first come, first served basis.
Subject to prior sale.
All offers due by Nov. 7
Click here for pictures and detailed equipment list
Contact David for additional information at 1-630-235-8171
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Global November benzene contract prices post mixed results; US split again
HOUSTON, October 31, 2016 (PCW) – Global November benzene contract prices proved a mixed bag on Monday with the US seeing yet another split settlement.
The US November benzene contract price settled at 220 cpg ($658/mt) and 223 cpg ($667/mt), down 8-11 cpg from the Oct CP of 231 cpg ($691/mt). The last split settlement occurred in Sep at 245 cpg ($733/mt) and 251 cpp ($750/mt).
In Asia, Japan’s JX Nippon Oil & Energy settled the Nov Asia Contract Price at $650/mt (217 cpg) CFR Asia, up $20/mt from the Oct ACP.
Meanwhile, the European November benzene contract price settled at €603/mt CIF NWE ($659/mt or 220 cpg), down $11/mt (or up €6/mt) from Oct.
The mixed results in contract prices reflect the similarly mixed regional spot markets. Asia rose $18/mt during October, while Europe fell a similar amount during the same time frame. Brent fell $1.14/bbl during this period. Asian markets were supported by several downstream plants exiting turnarounds, which boosted local demand. European prices, however, were more vulnerable to Brent’s movement. Adding further bearish pressure was the deadly blast at BASF’s massive Ludwigshafen petrochemical facility, which shuttered two steam crackers and resulted in force majeures declared on several downstream products.
US spot prices were little changed, falling about 1 cpg in October, or nearly $3/mt. -- Samantha Hartke