US April MX contract down on weak demand, ample supply

09 April 2013 18:57  [Source: ICIS news]

HOUSTON (ICIS)--The US April mixed xylene (MX) contract has settled at $3.83/gal, down by 57 cents/gal from $4.40/gal the previous month, a contract participant has confirmed today.

The decline was in line market expectations, coming alongside weaker demand and readily available supply. The drop also follows lower prices in other aromatics prices in March.

The US April benzene contract dropped by 33 cents/gal to settle at $4.36/gal, following weak demand, improved supply and weaker benzene prices overseas, according to trade sources.

By: Brian Balboa
+1 713 525 2653

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