15 October 2010 17:55 [Source: ICIS news]
HOUSTON (ICIS)--The US October paraxylene (PX) contract increased for the third consecutive month, settling up 4.75 cents/lb ($105/tonne, €75/tonne) at 52.75 cents/lb, driven by higher feedstock prices and strong demand from Asia, market participants said on Friday.
The settlement came as feedstock mixed xylene (MX) spot prices have increased 38 cents/gal to $3.20/gal from 1 October.
Meanwhile, strong demand for PX exports in ?xml:namespace>
Major US PX producers include ExxonMobil, BP, Chevron Phillips and Flint Hills Resources.
($1 = €0.71)
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