IHS Chemical Week

Intermediates prices mostly down

1:17 PM MDT | April 14, 2014 | Lindsay Frost

It is early in the month for intermediates, but market watchers have reported a few developments. Late-month US para-xylene was delayed more than usual by the unsettled nature of Asian isomer markets, but the consensus March contract was down 6 cts/lb. At the same time, European ortho-xylene, which is usually the first to be settled, was done down by €15/m.t. ($21). The only other major move was a sharply higher March acrylonitrile settlement in North America, higher by 17 cts/lb. That also lifted US spot business by $100/m.t., opening a delta with European...

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