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Aromatics Generally Quiet; Xylenes March Upward
12:20 PM MDT | March 31, 2011 | Lindsey Bewley
Aromatics were generally quiet, with the exception of the xylenes chain which was drum tight due to the loss of production in Japan from the natural disasters. Spot mixed xylenes on the U.S. Gulf Coast were reported to peak at an increase of 35 cts/gal, but finished with a gain of 25 cts/gal. In Europe mixed xylenes rose $240/m.t. The March contract price on the U.S. Gulf was settled higher by 34 cts/gal, but still lags the current spot price. Producers have nominated increases for April of 30-40 cts/gal. Styrene was much more modest gains, 2 cts/lb, while the...
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