US June PX contract falls 6 cents/lb from May

17 June 2011 17:27  [Source: ICIS news]

HOUSTON (ICIS)--The US paraxylene (PX) June contract price was concluded at a decrease of 6 cents/lb ($132/tonne, €94/tonne) from May, buyers and sellers said on Friday.

The June price was settled at 75 cents/lb DEL (delivered), down from the May price of 81 cents/lb DEL, according to two producers and two buyers.

The Asia Contract Price (ACP) for June PX was settled $105/tonne down from May at $1,500/tonne CFR (cost and freight) Asia.

Since early 2010, US contract price movement has tracked the ACP delta to within $50/tonne.

($1 = €0.71)

For more on paraxylene, visit ICIS chemical intelligence

By: Samuel Weatherlake
+44 20 8652 3214

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