19 January 2009 11:45 [Source: ICIS news]
SINGAPORE (ICIS news)--Aromatics major ExxonMobil has proposed to hike its Asian contract price (ACP) for February paraxylene (PX) by $180/tonne from the previous month, its customers said on Monday.
ExxonMobil declined to comment on its $810/tonne CFR Asia nomination, but one of its customers said that the proposed increase had come within expectations, “as spot prices are so high now and other producers also asked for an increase”.
Spot prices have also increased more than $100/tonne over the past month, hitting $800-815/tonne CFR Taiwan last week.
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|