Attend PetroChem Wire's FREE Half-Day Seminar in Houston
You are warmly invited to “Now More Than Ever,” PetroChemWire's FREE seminar in Houston.
With more material all along the US petrochemical value chain now available to the world, experts from PCW – the provider of benchmark olefins and polymers prices for the CME and ICE – will discuss the volatile petrochemicals space, managing price risk, feedstock economics and the impact of new capacities.
You can also network at our cocktail reception following the presentations.
Where: Hearsay on the Green, 1515 Dallas St., Houston TX 77010
When: 2-5 p.m., March 20, 2018 (Cocktail reception 4-5 p.m.)
Kathy Hall, CEO and Executive Editor, PCW
David Barry, Senior Editor, PCW
Robert Sharp, Senior Editor, PCW
Samantha Hartke, Product Manager, PCW
Trey Hamblett, VP of Chemicals Research, IIR Energy
Global March benzene contracts settle with decreases
HOUSTON, February 28, 2018 (PCW) -– Global benzene contract prices were lower for March on softer downstream demand and weaker spot values.
The US March contract price settled at 306 cpg ($915/mt), down 5 cpg from February. The European March contract fell €5/mt to €730/mt ($898/mt or 300 cpg) CIF NWE. The Asia Contract Price for March was fully settled at $920/mt (308 cpg) CFR Asia, down $35/mt from Feb.
Spot values were largely lower on weaker crude and softer downstream demand amid a slew of styrene unit turnarounds and unexpected outages. Spot Asian values fell $14/mt, or 1.5%, during the month, while European prices rose $8/mt (0.9%). US spot values were down 9 cpg (2.9%) and Brent was lower by $3.02/bbl (4.3%).
To keep up-to-date with benzene markets, prices and operational news, sign up for a free trial to PetroChem Wire’s Daily Refinery Focus here: