01 April 2013 22:38 [Source: ICIS news]
HOUSTON (ICIS)--The US April mixed xylene (MX) contract is expected to settle lower this week, following the drop in other aromatics in March, according to trade sources on Monday.
The MX contract typically settles during the first week of the month, after the US benzene contract.
The US April benzene contract dropped 33 cents/gal to settle at $4.36/gal last week, following weak demand, improved supply and weaker benzene prices overseas, according to trade sources.
MX supply in the US is also readily available, market participants have said.Current MX spot prices are at $3.80-3.90/gal FOB, according to ICIS. The range was down from $4.45/gal FOB back on 1 March.
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