NewsFlashEurope January PX rises €21 to €793/t

15 January 2008 16:26  [Source: ICIS news]

LONDON (ICIS news)--First January paraxylene (PX) contracts have been settled at €793/tonne ($1,184/tonne), up €21/tonne on December on high feedstock and energy costs, buyer and seller sources confirmed on Tuesday.

This was in line with a settlement made earlier in the day by another producer, the seller source said.

“It was not me that settled first,” the source said. “But I have followed.”

The buyer source said that it had made the settlement, done on a FD (free delivered) NWE (northwest Europe), basis with two producers.

($1 = €0.67)

By: Peter Salisbury
+44 20 8652 3214

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