22 July 2011 08:31 [Source: ICIS news]
US-based ExxonMobil and
The ACP for July ACP was settled at $1,400/tonne CFR Asia.
“We are looking for a price increase as the demand-supply balance for August is expected to be tight because of the outage at
The monthly ACP is widely considered to be a benchmark price on which almost all term-supply contract formulae are based. It is usually settled in the last week of the preceding month.
The ACP for PX for August will be settled on 29 July.
($1 = €0.70)
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