NewsFlashSecond US MX contract settles

04 April 2008 22:52  [Source: ICIS news]

HOUSTON (ICIS news)--A second US April mixed xylene (MX) contract settled at $3.40/gal ($1,020/tonne or €653/tonne) for a gain of 20 cents from March, according to trade sources on Friday.

The settlement was also up from an initial April settlement of $3.35/gal FOB (free on board) earlier this week.

Aromatics trade sources said the MX contracts gained on stronger demand and higher MX spot prices compared with a month earlier.

Current MX spot levels were at $3.38-3.40/gal FOB HTC (Houston-Texas City), up from $3.14-3.18/gal FOB HTC on 4 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 xylenes visit ICIS Chemical Intelligence


By: Brian Balboa
+1 713 525 2653



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