JX Nippon Oil nominates Dec benzene ACP 1% higher at $960/tonne

24 November 2010 11:18  [Source: ICIS news]

SINGAPORE (ICIS)--Japanese benzene major JX Nippon Oil and Energy Corp has nominated its December benzene Asian Contract Price (ACP) at $960/tonne (€720/tonne), a company source said on Wednesday.

The nomination, which was made on a cost and freight (CFR) Asia basis, was $10/tonne higher than the company’s November settlement price.

JX Nippon planned to settle the December ACP on 30 November.

Spot benzene prices in Asia were hovering around $920-935/tonne FOB (free on board) Korea on Wednesday, based on assessments by ICIS.

($1 = €0.75)

For more information on benzene visit ICIS chemical intelligence
Read John Richardson and Malini Hariharan’s Asian Chemical Connections blog
To discuss issues facing the chemical industry go to
ICIS connect


By: Mahua Chakravarty
+65 6780 4359



AddThis Social Bookmark Button

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.

Printer Friendly