Intermediates Contracts Settle in U.S. and Europe

The last of the November contracts were settled in intermediate markets just in time for December discussions to begin. This time buyers and sellers say discussions were less testy, and most were done quickly. The December contract for para-xylene on the U.S. Gulf Coast was agreed lower by 6.5 cts/lb, while ortho-xylene was done down by 4 cts/lb. European pX was also concluded lower, down by €70/m.t. Market watchers say uneasiness about demand in emerging markets for the new year were behind the...

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