NewsFlashExxonMobil settles April PX ACP $90/t up
28 March 2008 08:27 [Source: ICIS news]
SINGAPORE (ICIS news)--Paraxylene (PX) major ExxonMobil has raised its Asia contract price (ACP) for April by $90 to settle at $1,260/tonne, in line with the earlier settlement by Idemitsu Kosan this week, a trader and customer of ExxonMobil confirmed on Friday.
The settlement, which took place on Friday afternoon, was on a CFR (cost and freight) Asia basis.
Other suppliers and buyers were expected to discuss the March ACP settlement during the coming 2008 International Petrochemical Conference in San Antonio, US which will last from 30 March to 1 April, a Chinese purified terephthalic acid (PTA) producer said.
PX spot prices in Asia were assessed at $1,310-1,320/tonne CFR Taiwan/China based on discussions heard between traders, according to global chemical market intelligence service ICIS pricing.
By: Mahua Chakravarty
+65 6780 4359
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.
Links posted in this story:
|
|
Related Articles
- 08 May 08 16:20 Europe May PX still stalled on pricing ideas gap
- 03 Apr 08 11:33 ExxonMobil partially shuts down Rotterdam refinery
- 01 Apr 08 11:47 Asia PX April ACP settles $90/t up
- 31 Mar 08 16:37 NPRA '08: Chems to outpace GDP - ExxonMobil
- 26 Mar 08 09:35 Corrected: China raw material imports up, polymers fall in Feb
- 25 Mar 08 08:01 China PTA prices rise on strong PX
- 26 Mar 08 08:42 Idemitsu settles April PX ACP $90/t up
- 18 Mar 08 02:00 Idemitsu raises April PX contract price
- 17 Mar 08 08:37 Nippon Oil hikes PX ACP for April
Latest News
- 23 Nov 09 10:17 Contract workers’ strike halts maintenance at Haldia complex
- 23 Nov 09 09:44 Russia's 10-month synthetic rubber output falls 26%
- 23 Nov 09 09:36 EVENING SNAPSHOT - Asia Markets Summary
- 23 Nov 09 09:25 Sinopec, DuPont to start up Beijing EVA plant in December
- 23 Nov 09 09:09 Crude gains $1/bbl on Iran worries, weak US dollar
Barbara Ortner looks at the off-beat and unusual side of chemical industry life.
ICIS Chemicals Confidential