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The January US Mixed Xylene Contract Price Settled 36 Cents Above December's Mark

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Core Tip: The January US mixed xylene contract price settled 36 cents ($109.08/mt) above December's mark at a record high of $4.66/gal ($1,411.98/mt), sources said Tuesday.  Sources expected the CP to settle

The January US mixed xylene contract price settled 36 cents ($109.08/mt) above December's mark at a record high of $4.66/gal ($1,411.98/mt), sources said Tuesday. 

Sources expected the CP to settle at a record high due to higher spot MX prices, which have been well above $4.70/gal for most of December. 

The previous record high US MX contract price, set in March 2012, settled at $4.34/gal, according to Platts data. 

The higher CP settlement was due to market fundamentals including limited supplies, sources said. 

The December US MX CP settled at $4.30/gal, up 35 cents compared with November. 

US spot MX was assessed at $4.75/gal FOB US Gulf Coast Monday. 

 
 
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