US September OX contracts settle higher following Hurricane Harvey

15 September 2017 18:06 Source:ICIS News

Arrow upHOUSTON (ICIS)--US orthoxylene (OX) contracts settled higher for September following Hurricane Harvey’s disruption of production and logistics in the Gulf coast petrochemical sector earlier this month, market sources confirmed on Friday.

September contract prices settled at 41.5 cents/lb ($915/tonne), up 4 cents/lb from August.

OX producers Flint Hills Resources in Corpus Christi (163,000 tonnes/year) and ExxonMobil in Baytown (139,000 tonnes/year) resumed operations at their plants. However, transportation issues linger as a result of the storm.

OX is a feedstock for phthalic anhydride (PA), which is used as an intermediate in plasticizers.

By Amanda Hay