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Polymer contracts settled lower, spot market mixedContract prices were uniformly lower in transatlantic polymer markets, but export prices were reported to have shown some life. Buyers, however, dismiss the gains as short-term response to bargain buying, and reiterated the broad weakness of end-use markets... US PS General PurposeCurrent Prices ReportAROMATICSAromatics prices mostly upAromatics were firmer on both sides of the Atlantic. Spot benzene and mixed xylenes on the US Gulf Coast gained 10 cts/gal, traders report. Activity was even more brisk in northwest Europe, with benzene higher by $25/m.t., mixed xylenes up $30/m.t., and... INTERMEDIATESDeclines spotted in intermediatesIntermediates contracts were reported to be catching up on both sides of the Atlantic over the early part of May, but not to the pleasure of sellers. Ethylene glycol was reported to be agreed for April at a decrease of 3 cts/lb, but producers immediately... OLEFINSOlefin prices stagnant despite plant outagesA rash of outages, planned and unplanned, has stricken European olefins plants—with Total, BP, and Versalis among those having steam crackers out of service or running at reduced rates. In a telling note on the state of the European spot market, the... POLYMERSPlummeting PVC prices cause weakness in several marketsWeakness in European polyolefins was overshadowed by plumetting prices for polyvinyl chloride (PVC) on both sides of the Atlantic. Spot and export prices plunged $510/m.t. in North America and $390/m.t. in Europe over the past few weeks, with pipe... PRODUCT TOURMethodology
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