Xylenes Resist Broader Slump

Resilient mixed xylenes feedstock prices have prompted U.S. ortho-xylene producers to nominate contract price increases for February of 2 cts-4.5 cts/lb despite softening o-xylene spot prices in recent weeks. O-xylenes contracts rose 2.5 cts/lb in December, and another 4 cts/lb in January, to 46.5 cts/lb del. “Mixed xylenes have really been the driver for ortho,” says Scott Miller, managing director/RXN Petrochemical Consultants (Pittsburgh). Mixed xylenes contracts jumped 30 cts/gal in January, to $2.80/gal fob. Xylenes prices have been resilient...

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