A gasoline-based pricing model continued to be applied in the European mixed xylenes market this week, with spot prices finishing at $583.50/mt FOB ARA Friday, up $8/mt on the day and up $36/mt on the week. Remaining strength in octanes and a necessity to load them promptly underpinned the MX premium to gasoline and ensured a small intra-month backwardation. Meanwhile, chemical users abstained from buying spot volumes.
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