US December MX contract rolls over despite rise in spot prices

06 December 2013 18:10 Source:ICIS News

HOUSTON (ICIS)--The December mixed xylenes (MX) contract was confirmed to have settled at $3.72/gal, which was flat from November, according to a trade source on Friday.

The rollover did not following the recent surge in MX spot prices.

MX spot prices have increased from November on production worries, higher prices in Europe and rising energy futures.

Current MX spot prices are at $3.75-3.85/gal FOB (free on board), according to market participants, above the November and December MX contract price of $3.72/gal FOB.

By Brian Balboa