Intermediates Contracts Settle for May

Intermediates markets were preoccupied with contract settlements this week. U.S. ortho-xylene for May was agreed higher by 3 cts/lb, while both oX and para-xylene for May in Europe were settled at a roll from April. The U.S. ethylene glycol contract for May was also done at a roll. The U.S. acrylonitrile April contract was agreed at an increase of 4 cts/lb, while spot prices increased an average of $150/m.t. in a narrowing trading range. Producers confirmed they were reducing operating rates due to high feedstock costs. European acrylo also rose, with the April...

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