11 March 2010 21:42 [Source: ICIS news]
HOUSTON (ICIS news)--US market participants said March paraxylene (PX) contracts settled at 50.50 cents/lb ($1,113/tonne, €812/tonne) on Thursday, down 1.50 cents/lb from February.
The lower March settlement followed a 1.75 cent/lb drop in February and was in the middle of the range anticipated by ?xml:namespace>
During periods of long aromatics supply in Asia, the traditional negotiation tactics can leave
PX consumers said the lower PX settlement came amid persistent softness in polyester and gasoline demand.
US PX producers include ExxonMobil, BP, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.73)
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