Intermediates Prices Move Higher in Europe

Significant production capacity for fiber intermediates was put out of action by the natural disasters in Japan, as was a great deal of feedstock capacity. However, downstream manufacturing was also knocked out, leading to a muddled market. Spot markets worldwide generally held quiet, except for acrylonitrile, which gained $100-200/m.t. on both sides of the Atlantic. Before events in Japan, most isomer xylene contracts were settled for March. In Europe para-xylene moved higher by €40/m.t. while ortho-xylene added €45/m.t. In North America...

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