NewsFlashNippon PX heard nominated $1,350/t
16 April 2008 08:44 [Source: ICIS news]
SINGAPORE (ICIS news)--Japanese paraxylene (PX) producer Nippon Oil has nominated its Asian Contract Price (ACP) for May at $1,350/tonne (€851/tonne) – the lowest among key producers, two end-users said on Wednesday.
The hike in the May ACP CFR (cost and freight)
Company officials were not immediately available for comment.
Earlier, Exxon was heard to have announced its nomination at $1,390/tonne while Idemitsu had nominated the May contract at $1,360/tonne.
“It’s very likely
Traders had said earlier it could be difficult to reach the May price targets due to softening purified terephthalic acid (PTA) prices, which slipped $5/tonne to $965-975/tonne CFR China on Tuesday.
($1 = €0.63)
By: Peh Soo Hwee
+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.
| 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 |
Related Articles
- 02 May 08 12:22 Europe May PX talks delayed as market eyes Asia
- 24 Apr 08 15:57 Europe PX producers surprised by Asia’s $30/t hike
- 24 Apr 08 06:51 Mitsubishi nominates May PTA higher
- 23 Apr 08 08:12 Nippon eyes PX production cuts due to high costs
- 21 Apr 08 09:33 May PX ACP heard up $30 at $1,290/t
- 21 Apr 08 08:27 Fire delays Japan Energy's Kashima aroms restart
- 18 Apr 08 05:32 Asia PX sellers eye higher prices for May
- 17 Apr 08 17:11 Europe PX spot market quiet, awaits Petkim tender
- 16 Apr 08 05:40 Nippon Oil eyes Oita PX restart around 20 May
- 15 Apr 08 09:57 Aroms not hit in Nippon Oil refinery fire
- 10 Apr 08 11:22 Nippon Oil to shut Toyama refinery permanently
- 04 Apr 08 04:59 Nippon Oil eyes Oita PX unit start-up in late May
- 04 Apr 08 04:37 Japan’s Nippon Oil issues PX sell tender
Latest News
- 20 Jun 13 12:29 EU styrene acrylonitrile imports up 44% year on year in March
- 20 Jun 13 12:24 Moody's upgrades outlook of chemicals distributor Brenntag
- 20 Jun 13 12:23 Novapet's Barbastro PET plant on track for commercial product by July
- 20 Jun 13 12:17 EU chemicals volumes slump in April, says analyst Bernstein
- 20 Jun 13 12:10 EU March liquid caustic soda exports fall 29%, imports up by 18%