Intermediates Players Focus on Contract Settlements

Intermediates players were focused on June contract negotiations last week, market watchers report. The contestants came to terms on three of four transactions, with the usual laggard, U.S. para-xylene, the only deal left undone at press time. U.S. ortho-xylene was agreed lower by 4 cts/lb, while in Europe pX was concluded at a decrease of €20/m.t. European para-xylene was settled lower by €35/m.t. The only spot activity was in European pX, which gained $30/m.t., sources...

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