Asia PX November ACP settled $195/tonne higher
29 October 2010 09:07 [Source: ICIS news]
SINGAPORE (ICIS)--Paraxylene (PX) Asia Contract Price for November has been settled $195/tonne (€140/tonne) higher than the previous month at $1,220/tonne in tandem with a rise in spot values, market sources said on Friday.
Two Japan-based end users were heard to have finalised the November ACP with major supplier ExxonMobil at $1,220/tonne CFR (cost and freight)
A third purified terephathalic acid (PTA) maker in
The surge in the settlement level was largely attributed to recent gains in spot PX prices which have jumped nearly 17% since early-October to $1,230-1,240/tonne CFR Taiwan and/or China Main Port (CMP).
($1 = €0.72)
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By: Bohan Loh
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