Initial US March MX settlement up 34 cents/gal

11 March 2008 22:52  [Source: ICIS news]

HOUSTON (ICIS news)--The initial US March mixed xylene (MX) contract settled at $3.20/gal ($960/tonne), up 34 cents from the February contract price and 2 cents/gal above January, market participants said on Tuesday.

The increase was attributed to strength in the MX spot market and record highs in the NYMEX energy complex.

The €624/tonne FOB (free on board) HTC (Houston-Texas City) settlement was consistent with market expectations and spot values during the week.

Major US MX producers include BP, Flint Hills Resources and Chevron Phillips Chemical.

($1 = €0.65)

For more on mixed xylene visit ICIS chemical intelligence

By: Landon Feller
+1 713 525 2653

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