TITLE

Benzene slide affects ADA

AUTHOR(S)
Nash, Mike; Brice, Andy
PUB. DATE
February 2007
SOURCE
ICIS Chemical Business;2/12/2007, Vol. 2 Issue 53, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the substantial decline in benzene prices in February 2007 has allowed one adipic acid buyer to settle February contracts at an average reduction of €44/tonne, compared with January levels. The benzene settlement was the result of a $120-125/tonne drop in the spot market in January, sparked by weaker crude values and a balanced-to-long benzene market. Buyers countered that it will be difficult for producers to enjoy the entire effect of the benzene price fall.
ACCESSION #
24202621

 

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