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Intermediates Prices Climb Higher
1:23 PM MDT | May 4, 2011 | Lindsey Bewley
With continued sttong fibers demand, as production outages, spot isomer xylenes rose sharply in spot trading, players say. U.S. para-xylene led the way, climbing $230/m.t. while European pX kept pace with an increase of $200/m.t. Ortho-xylene in the U.S. was stronger by 6 cts/lb, sellers report, while oX in Europe rose a proportional $140/m.t. Contract increases were more modest, with U.S. pX edging higher by 0.75 cts/lb for April while oX was agreed higher by 4 cts/lb. No sooner were the late month contracts done when producers nominated double-digit increases...
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