US Feb MX contract settles up 19 cents/gal on stronger spot values

28 January 2011 23:19  [Source: ICIS news]

HOUSTON (ICIS)--The February mixed xylene (MX) contract settled up 19 cents/gal to $3.30/gal FOB amid stronger spot levels and volatile energy prices in January, trade participants said on Friday.

The February MX contact applied to 5211-grade material on a free on board (FOB) US Gulf (USG) basis. The market’s other MX contract for 843-grade material typically settles after 5211-grade contracts, and at a lower price.

The February MX contract also came just after the February benzene contract settled at $4.35/gal FOB.

MX spot prices on Friday were at $3.25-3.35/gal FOB, up from $3.14-3.16/gal on 1 January.

Major US MX producers include BP, CITGO, ExxonMobil, Flint Hills Resources, Total and Valero.

($1 = €0.73)

To discuss issues facing the chemical industry go to ICIS connect

By: Brian Balboa
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly