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Intermediates Contracts Settle Higher, While Spot Numbers Fall
11:21 AM MDT | October 12, 2011 | Lindsey Bewley
The first couple of contract settlements for October bode well for producers, but spot numbers were lower. European ortho-xylene was agreed higher by €35/m.t. Ortho-xylene producers in the U.S. nominated October increases in a range from 2.5 cts/lb to 6.5 cts/lb. However, oX spot prices were lower by $85/m.t. in Europe and 3 cts/lb in North America. Spot para-xylene was off even more sharply, down $80/m.t. in North America and $110/m.t. in Europe. Separately, ethylene glycol was agreed higher for October in Europe by €31/m.t...
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