IHS Chemical Week

Intermediates contracts still being settled

9:48 AM MDT | August 16, 2013 | Lindsay Frost

At midmonth only the usual three isomer xylenes contracts had been settled on either side of the Atlantic. Sellers of ortho-xylene in North America were able to capture 3 cts/lb, but European buyers prevailed in their negotations, driving the agreement down €10/m.t. Spot business was reported higher by 2 cts/gal on the US Gulf Coast, and $20/m.t. higher in Europe. The European para-xylene (pX) contract was agreed level from July, leaving the usual laggard US pX yet to be settled. In other spot business, ethylene glycol on the US Gulf shifted up 5 cts/lb on...

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