13 April 2012 19:10 [Source: ICIS news]
HOUSTON (ICIS)--The ?xml:namespace>
Industry sources said that because OX supply remains tight as a result of a recent force majeure (FM) declaration on OX and supply is not readily available, the April contract settled flat from March and not lower by 2 cents/lb, as was expected.
The OX contract usually settles after the mixed xylene (MX) contract has been concluded. The April MX contract settled at $4.24/gal ( €0.85/litre), down by 10 cents/gal from the March price of $4.34/gal.
Major US OX producers include ExxonMobil Chemical and Flint Hills Resources.
($1 = €0.76)
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