Prices for Intermediates Fall in Both Contract and Spot Trading

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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