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Prices for Intermediates Fall in Both Contract and Spot Trading
10:17 AM MDT | June 23, 2010 | Lindsey Bewley
Isomer xylenes dominated business in fiber intermediate markets this week, as players in the U.S. settled the June contract for para-xylene down by 6 cts/lb or more than 10%. Spot para- in the U.S. was also reported sharply lower, down 470/m.t. in a narrowing range. Market watchers say that was expected as trading became more focused after the contract agreement. The knock-on effect was also felt in European pX, which was lower by $65/m.t. and in U.S. ortho-xylene, which was reported to be down by 4...
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