US April MX contract partially settles up 15 cts

02 April 2008 18:37  [Source: ICIS news]

HOUSTON (ICIS news)--US April mixed xylene (MX) contracts were partially settled at $3.35/gal ($1,005/tonne) up 15 cents from the March contract settlement of $3.20/gal, aromatics markets participants said on Wednesday.

Aromatics trade sources have previously said the MX FOB (free on board) contract, which was partially settled on Tuesday, would likely move up as a result of an increase in spot prices during March.

Current MX spot levels were at $3.36-3.38/gal FOB HTC (Houston-Texas City) , up from $3.10-3.13/gal FOB HTC on 2 March, according to global chemical market intelligence service ICIS pricing. 

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

For more on mixed xylene visit ICIS Chemical Intelligence

By: Brian Balboa
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