17 May 2006 10:38 [Source: ICIS news]
SINGAPORE (ICIS News)--ExxonMobil and Japan Energy have nominated their June Asian contract price for paraxylene (PX) at $1,120/tonne and $1,090/tonne CFR Asia respectively, up from the May settlement of $1,020/tonne.?xml:namespace>
A Japan Energy official confirmed his company's nomination on Wednesday, while an ExxonMobil official announced it late on Tuesday.
Nippon Oil and Idemitsu Petrochemical, two other leading PX producers in ?xml:namespace>
The nominations boosted sentiment in the spot market, with prices at $1,080-1,090/tonne CFR Taiwan after deals at $1,070-1,080/tonne CFR Northeast Asia yesterday.
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