IHS Chemical Week

Final intermediates contracts settled

1:46 PM MST | March 4, 2013 | Lindsay Frost

A two-month deal was arranged in North American para-xylene (p-xylene) markets to bring the price higher by a total of 7 cts/lb. The contract is usually the last among the isomers to be settled, so the deal was thought to be an effort to keep more current. European p-xylene was done for February without complications for an increase of €15/m.t. ($20) North American ortho-xylene (o-xylene) was rolled from January, but European o-xylene was agreed at an increase of €40/m.t. There was considerable consternation in European ethylene...

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