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January benzene contracts settle in US

by ChemOrbis Editorial Team -
  • 02/01/2015 (13:18)
According to market sources, January benzene contracts have been settled in the US with the largest monthly decrease reported since November 2008. The new contract stands at $2.20/gallon ($658/ton), down $1.17/gallon ($350/ton) from December. The new settlement was the lowest level posted since May 2009.

The decline in the January settlement was in line with players’ expectations stemming from persistently plunging crude oil prices and ample supply.
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