Initial October US mixed xylenes contract slips 20 cents/gal

01 October 2009 16:33  [Source: ICIS news]

HOUSTON (ICIS news)--An October contract for US mixed xylenes (MX) settled at $2.14/gal ($651/tonne, €443/tonne), a 20 cent fall from the September contract for MX conforming to ASTM specification D5211, market players said on Thursday.

Market sources cited softer energy prices and less demand.

D5211-grade MX is derived from sweeter crude than nitration-grade xylenes (ASTM D 843). It composes the majority of spot market material and is suitable for the manufacture of paraxylene (PX).

The initial MX contract was 14% lower than October 2008.

 

Major US contract players include BP, Citgo, ExxonMobil, Flint Hills Resources, Total and Valero.

($1 = €0.68)

For more on MX visit ICIS chemical intelligence

By: Landon Feller
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