US September benzene contracts increase with higher spot prices
US September benzene contracts settled higher, tracking slightly higher spot prices in August.
Contracts increased 1 cent/gal ($3/tonne) from August to $2.55/gal FOB (free on board) in the US Gulf.
Spot prices increased at the end of August amid a delay in imports from Asia. US inventories are low and even brief disruptions in the flow of imports has the potential to lead to a short-term spike in prices.
Inventories are expected to improve as the arbitrage from Asia to the US remains open.
US benzene contracts typically settle on the last working day of the prior month and are largely determined by the average spot price over the last 10 days of the month.
Benzene is used to produce a number of intermediates that are used to create polymers, solvents and detergents.
Major producers of US benzene include ExxonMobil, Marathon Petroleum, Shell, Flint Hills Resources, Chevron, CITGO, LyondellBasell, Valero and Total.
Looking for chemical products? Let suppliers reach out to you!
You May Interested In
2026-06-17
-
Fine Chemicals Industry Overview Dec.2025
Insight into Structural Shifts, Capturing Long-Term Value in Fine Chemicals. Available for Permanent Download.Published in: Jan. 2026
Trade Alert
Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)
Related News
-
The United States Lifts Restrictions on Ethane Exports to China, and Trade Relations Show Signs of Easing
-
Biden decided to raise tariffs on Chinese goods, US soybeans maybe face tariff adjustment challenges
-
U.S. agricultural supplies distributor CHS and West Central Ag Services sign merger intent
-
PPG launches strategic review: intends to sell North American architectural coatings business with annual revenue of nearly US$1.8 billion
-
Benzine vs Benzene: Key Differences and Implications
-
What Is Inorganic Benzene? Differences, Similarities, and Structure
-
The US chemical industry has had a tough profit season
-
Warm winter impact energy market US coal prices fell rapidly
-
What You Need to Know About Benzene in Soda Pop
-
The United States has released its annual update on Salmonella surveillance and testing at poultry producers across the country
Recommend Reading
-
Bodo Möller Chemie Acquires Spanish Chemical Distributor Quitec
-
Saint-Gobain’s Triple Acquisition: The “Small but Sophisticated” Strategy Behind Low-Carbon Building Materials
-
TDI Supply Tightens and Prices Surge: Can Cangzhou Dahua Reap the "Chemical Dividend"?
-
Saint-Gobain Makes Construction Chemicals Acquisitions in Canada, Italy, and Peru
-
Bodo Möller Chemie to Acquire Adhesive Chemicals Business of Aqua Engineering Services
-
Zimbabwe Blueberries Position for Growth Following China Market Access and Zero-Tariff Policy
-
Canada Proposes Revised Maximum Residue Limits for Pyrethrins and Penthiopyrad
-
EFSA Evaluates Safety of Triacylglycerol Lipase from Ruminant Pregastric Tissue
-
EFSA Unable to Conclude on Full-Scope Safety of Genetically Modified Oilseed Rape LBFLFK
-
EFSA Publishes Peer Review Conclusions on Phenmedipham Herbicide Assessment