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June intermediates contracts settled
9:21 AM MDT | June 24, 2013 | Lindsay Frost
In marked contrast to primary petrochemical markets this week, intermediates saw plenty of action as June contracts were reported settled across the board. Notably, the US para-xylene (p-xylene) contract, the notorious laggard, was done along with the rest, but traders suggest that may have been because the deal was a roll from May. The European p-xylene contract was agreed lower by €28/m.t. ($37). US ortho-xylene was settled down by 3.5 cts/lb, as expected. Ethylene glycol saw a convergence across the Atlantic, with the US contract agreed higher by 3 cts/lb...
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