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Lower Contract Settlements Seen for Intermediates
11:28 AM MDT | July 8, 2011 | Lindsey Bewley
The string of lower contract settlements continued downstream into intermediates, with one disputed exception. European players got the isomers market off to a modest start with an agreement of the ortho-xylene contract lower by €40/m.t. In contrast, North American oX producers have on the table a 5 cts/lb higher nomination for July. Spot ortho- was quiet, but spot para-xylene was said to be lower by $55/m.t. in North America and down by twice that in Europe. The notable contract rise, an €29/m.t. increase in the July contract for ethylene glycol...
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