23 June 2009 04:27 [Source: ICIS news]
SINGAPORE (ICIS news)--Japanese paraxylene (PX) producer, Idemitsu Kosan, has proposed a $50/tonne (€36/tonne) increase to the July price from June, citing stable demand, a company source said on Tuesday.
The source confirmed that overall stable demand and tight supply in the current market prompted the producer to name its July Asian contract price (ACP) as $1,060/tonne CFR (cost and freight) ?xml:namespace>
Idemitsu Kosan's customers in
On Monday, fellow PX majors Nippon Oil and ExxonMobil also proposed hikes to the July ACP.
($1 = €0.72)
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