04 May 2010 07:04 [Source: ICIS news]
SINGAPORE (ICIS news)--Two major Asian paraxylene (PX) producers have settled their May contracts at $1,060/tonne (€806/tonne), $40/tonne higher than April’s settlement, in line with rising spot values, market sources said on Tuesday.
Another PX major - ExxonMobil - was expected to settle its May contract in the next few days, said a major end-user.
Spot PX prices in Asia were assessed at $1,060-1,070/tonne CFR Taiwan last Friday, up $45/tonne or 4.4% from four weeks ago, according to global chemical market intelligence service, ICIS pricing.
($1 = €0.76)
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