Intermediates Contracts Settle Lower in North America

For a change, sellers and buyers of para-xylene in North America got their business done along with other isomer traders instead of following weeks after. The July contract was agreed at a decrease of 5 cts/lb, which was also in line with the rest of the market. North American ortho-xylene contracts were done down by 2.5 cts/lb. The ink was no sooner dry than sellers nominated an ambitious 10.5 cts/lb increase for August. European pX was agreed for July at a decrease of €85/m.t. In spot activity, pX was higher by $20 on both sides of the Atlantics, while oX...

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