Activity in Fiber Intermediates Market Quiet, Players Say

Spot markets were quiet on both sides of the Atlantic in fiber intermediates markets as attention was focused on contract negotiations. The only meaningful spot move reported was a $50/m.t. rise in the price of European para-xylene.  That hike ran counter to the contract settlement, which was agreed lower by €40/m.t. August ortho-xylene in Europe was also agreed lower, down €30/m.t. On the U.S. European ethylene glycol was settled for August at a decrease of €25/m.t. Bucking the lower trend of contracts, U.S. Gulf Coast o-xylene for August was...

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