14 November 2013 22:44 [Source: ICIS news]
The November OX contract fell to 60 cents/lb free on board (FOB) from 64 cents/lb FOB in October.
Market participants attributed the decline to soft price trends in US mixed xylenes (MX).
Demand from the downstream US phthalic anhydride (PA) sector is expected to remain unchanged for the rest of the year, market sources said.
OX is primarily used to make PA, a key intermediate in the production of plasticizers, which are used to make products such as flexible polyvinyl chloride (PVC).
($1 = €0.74)
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