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Mixed settlements in intermediates spot pricing reported
1:35 PM MDT | March 18, 2013 | Lindsay Frost
Weakening demand and decreasing prices for feedstocks undercut US ortho-xylene (o-xylene) prices in the first half of March. The monthly contract price was settled down by 10 cts/lb, players say, while spot business was done lower by 14 cts/lb. In sharp contrast, European isomer contracts were also settled, but only with token changes—o-xylene was agreed higher by €15/m.t. ($19) while para-xylene was done down €10/m.t., market watchers report. European ethylene glycol participants settled a 2-month deal for February and March for a token...
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