IHS Chemical Week

Markets :: Basic Chemicals :: Petrochemicals :: Para-xylene

COMMENTARY

12:53 PM MDT | July 30, 2007 | Chemical Week Editorial Staff

After the general retreat in spot prices two weeks ago, the relative strengths and weaknesses of various products came to the fore last week. Spot ethylene in the U.S. turned upward about 2 cts/lb following several weeks of decline. January delivery traded at 33.6 cts/lb and 33.9 cts/lb del, sources say. Spot ethylene for February delivery traded above 34 cts/lb del. Sources say the upturn could be due to buyers covering requirements ahead of February, when demand could start to pick up and planned turnarounds could tighten the market. Spot propylene rose as...

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