US March MX contract drops 6 cents/gal on weak demand

05 March 2013 17:02  [Source: ICIS news]

HOUSTON (ICIS)--The US March mixed xylenes (MX) contract settled at a 6 cent/gal decline to $4.40/gal, trade participants confirmed on Tuesday.

The contract, which settled on Monday, was down because of weak demand and a late February decline in MX spot prices. The drop also comes after the March benzene contract settled lower by 11 cents/gal last week.

Major xylenes producers in the US include BP, Chevron Phillips Chemical, ExxonMobil, Flint Hills Resources and LyondellBasell.

By: Brian Balboa
+1 713 525 2653

AddThis Social Bookmark Button

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

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