Increased Demand Buoys Fiber Intermediates

Better than anticipated derivative demand buoyed fiber intermediates over the first half of September. Para-xylene rose $70/m.t. in North America and $60/m.t. in northwest Europe. In contract settlements, pX for August was agreed in North America at an increase of 1.5 cts/lb, while September para was reportedly concluded in Europe at an increase of €65/m.t. Spot ortho-xylene was quiet on both sides of the Atlantic, while players concentrated on timely contract settlements. As expected, the European contract was rolled from August, but U.S. producers were...

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