16 November 2012 21:08 [Source: ICIS news]
NEW YORK (ICIS)--The US orthoxylene (OX) contract was down by 3.25 cents/lb ($72/tonne, €56/tonne) in November on the back of lower related costs, sources said on Friday.
The November OX contract settled down at 63.75 cents/lb FOB (free on board), compared to the October contract price of 67 cents/lb FOB.
Some buyers said they expected the November contract to settle down because related costs are lower than they were in early October. One buyer said he had been pushing early in the month for an even lower price in the November contract.
Spot export OX prices remained steady at 64-65 cents/lb FOB, following a quiet week in the Asian OX market.
Major US OX producers include ExxonMobil Chemical and Flint Hills Resources.
($1 = €0.78)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections