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Americas: US Sept. 5211 grade mixed xylenes contract settles at 250 cents/gal

Americas: US Sept. 5211 grade mixed xylenes contract settles at 250 cents/gal

Write: Calixto [2011-05-20]
p>The September US mixed xylenes contract settled at 250 cents/gal, up 3 cents/gal from August, Total Petrochemicals and Koch Supply and Trading confirmed Tuesday.

On Friday last week, spot mixed xylenes traded as high as 252 cents/gal, which was a 6 cents/gal jump from Thursday's close. The market was driven up by strong derivative PX demand both in the US and Asia, sources said late last week.


However, on Tuesday, October RBOB futures on the NYMEX were trading more than 5.50 cents lower at 185.27 cents/gal. Falling energy dragged the spot market lower with September MX talked at 248-254 cents/gal.


China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html