Initial Europe November PX agreed up €123/t at €928/t

04 November 2010 09:54  [Source: ICIS news]

LONDON (ICIS)--The European November paraxylene (PX) contract has been settled at €928/tonne ($1,307/tonne), up €123/tonne from October, sources said on Thursday.

A producer said: “I have not completed everything but, yes, I will follow this number. Demand is good and supply is tight.”

A second producer also confirmed €928/tonne as the contract price.

“We are only following but, yes, I can confirm €928/tonne,” she said.

The settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.71)

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By: Julia Meehan
+44 20 8652 3214

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