07 May 2012 21:36 [Source: ICIS news]
MIAMI, Florida (ICIS)--The US orthoxylene (OX) May contract has been heard lower by 3 cents/lb ($66/tonne, €50/tonne) at 68 cents/lb, sources said on Monday.
According to a buyer, the OX market is expected to be balanced and more dynamic, now that the force majeure (FM) on OX by a major producer has been lifted and the downstream phthalic anhydride (PA) plant has finished its turnaround.
The April OX contract was settled at a rollover from March at 71.00 cents/lb.
Major US OX producers include ExxonMobil Chemical and Flint Hills Resources.($1 = €0.76)
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