IHS Chemical Week

Intermediates contracts settled

11:49 AM MDT | October 28, 2013 | Lindsay Frost

All but one of the major intermediates contracts for October has been settled, market watchers report. US para-xylene (pX) was down by 2 cts/lb while ortho-xylene (oX) was agreed lower by 3 cts/lb. Spot pX shed $20/m.t. while spot oX slipped 6 cts/lb. The last piece of the isomers puzzle fell into place when European pX was agreed lower by €22/m.t. The notable exception to the smooth settlement is European ethylene glycol, which saw a preliminary settlement for September challenged. Now sources say talks turn on a joint two-month settlement. The dispute...

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