IHS Chemical Week

Intermediates prices mostly fall

3:11 PM MDT | April 29, 2013 | Lindsay Frost

Demand for isomer xylenes has tumbled in Asia, according to players in the intermediates markets. April contracts had already settled lower in Europe, but by relatively modest amounts, market watchers say. The full brunt of the drop off in Asia hit North American markets harder, with April para-xylene being settled lower by 7.5 cts/lb and ortho-xylene (oX) being agreed down by 7 cts/lb. The big blow fell on spot oX prices, which crumpled 7 cts/lb in North America and $400/m.t. in Europe. Ethylene glycol contract discussions in Europe were reported stalled. Some...

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