Chemical Industry :- US benzene costs held firm to finish off 2019 as the January contract settled higher.

Chemical Industry



- Spot movement slows down to complete the year

- Crude fates shed 62 pennies on the day

US benzene costs held firm to finish off 2019 as the January contract settled higher. The January US benzene contract cost was heard to have settled higher, bouncing 22 pennies contrasted with December's agreement cost with 253 pennies/lady, various sources disclosed to S&P Global Platts. The expansion was in accordance with advertise desires as spot esteems were seen as of late exchanging the low to mid-250s pennies/lady (Chemical Industry). In the mean time spot movement hushed and brief spot esteems were consistent with January benzene on a DDP and FOB premise surveyed at 256 pennies/lady and 258 pennies/lady, individually. Forward-month evaluating was level also and February DDP and FOB benzene was surveyed level to the brief month. Action in the styrene advertise was missing Tuesday and January and February styrene were surveyed unaltered at $825/mt FOB USG. In vitality, NYMEX February unrefined prospects settled 62 pennies lower at $61.06/b (Chemical Industry).

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