January butadiene, benzene contracts settle in US
Market expectations had called for decreases of at least 1 cent/lb ($22/ton) for January butadiene contracts due to weak demand and lower spot prices.
Meanwhile, January benzene contracts were fully settled with a decrease of 17 cents/gallon ($51/ton) from December at $2.12/gallon ($634/ton) by both Exxon and Phillips 66. In the US, spot benzene prices are reportedly unchanged on the week to be currently quoted at around $2.11/gallon ($631/ton) FOB USG.
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