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Intermediate markets active as contracts settled
3:24 PM MST | February 4, 2013 | Lindsay Frost
Intermediate markets were said to be busy over the second half of January, with most contract settlements in place, and brisk activity reported in spot transactions. The biggest development was a 15 cts/lb increase in the US ortho-xylene settlement, ascribed to robust demand in Asia. That pulled spot oX along to gains of 7 cts/lb in the US and $100/m.t. in Europe, traders say. Other contact settlements for January were more modest, with ethylene glycol rising €20/m.t. in Europe while acrylonitrile slipped the same amount. Spot markets were said to be mixed...
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