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Intermediates Move Higher in U.S., Europe
1:44 PM MST | November 11, 2010 | Lindsey Bewley
Most intermediate contract prices were settled this week, with the notable exception of the usual laggard, U.S. para-xylene. U.S. ortho- was agreed at an increase of 2 cts/lb, players say. Both European isomers were done with pX taking a big leap higher of €123/m.t. and oX moving higher more modestly by €35/m.t., market watchers report. Ethylene glycol also showed strength with the winter fast approaching. Both spot and contract were said to be higher by 5 cts/lb. U.S. acrylonitrile also recorded sharp gains, with spot material rising $100/m.t. to...
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