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PX contract for November settles in US

by ChemOrbis Editorial Team -
  • 27/11/2014 (10:59)
The November PX contract has been settled in the US, according to market sources. The new PX contract stands at 52 cents/lb ($1146/ton), down 9.5 cents/lb ($209/ton) from October. The drop was attributed to quiet domestic demand and weak Asian demand for US xylenes.

The decline in the November settlement exceeded market expectations, which called for 5-6 cents/lb ($110-$132/ton) decreases.
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