NewsFlashBP nominates Asia April PTA $90/t up

02 April 2008 04:21  [Source: ICIS news]

SHANGHAI (ICIS news)--Purified terephthalic acid (PTA) major BP has raised its April contract nomination by $90/tonne (€57.6/tonne) from the previous month on higher feedstock paraxylene (PX) prices, a company source said on Wednesday.

Its April nomination was at $1,040/tonne CFR (cost and freight) CMP (China Main Port) on high feedstock PX value which was notionally firmer at $1,330/tonne CFR CMP.

Other major PTA suppliers in Asia are Formosa Chemical and Fiber Corp (FCFC), Mitsui Chemicals and Samsung Petrochemical.

PTA is used to make polyethylene terephthalate (PET) chips.

Windy Hu from CBI China contributed to this article.

($1=€0.64)

For more on PTA, visit ICIS chemical intelligence

By: Judith Wang
+65 6780 4359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 16 October 2009)

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.

Printer Friendly