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.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections