Intermediates market softens

Spot markets were generally softer this week, but contract settlements were higher, market watchers say. US ortho-xylene tacked on a 2-cts/lb increase for October, but contracts for both isomers rolled from September into October in European settlements. Spot para-xylene was reported lower by $60/m.t. in North America and $70/m.t. in Europe. Other intermediates showed more strength in contract talks. September ethylene glycol (EG) in North America was agreed higher by 5 cts/lb, while high feedstock costs drove acrylonitile sellers to secure a revision of the...

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