IHS Chemical Week

Activity in Fiber Intermediates Market Quiet, Players Say

9:00 AM MDT | August 19, 2010 | Lindsey Bewley

Spot markets were quiet on both sides of the Atlantic in fiber intermediates markets as attention was focused on contract negotiations. The only meaningful spot move reported was a $50/m.t. rise in the price of European para-xylene.  That hike ran counter to the contract settlement, which was agreed lower by €40/m.t. August ortho-xylene in Europe was also agreed lower, down €30/m.t. On the U.S. European ethylene glycol was settled for August at a decrease of €25/m.t. Bucking the lower trend of contracts, U.S. Gulf Coast o-xylene for August was...

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