US September PX contract rises 5.5 cents/lb from August

08 September 2011 21:53  [Source: ICIS news]

HOUSTON (ICIS)--The US September paraxylene (PX) contract price was concluded at an increase of 5.5 cents/lb ($121/tonne, €86/tonne) from August, market sources said on Thursday.

The September price was settled at 82.5 cents/lb DEL (delivered), up from the August price of 77 cents/lb DEL, according to a producer and a buyer.

The Asia Contract Price (ACP) for September PX was settled up by $115/tonne from August at $1,655/tonne CFR (cost and freight) Asia.

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

($1 = €0.71)

For more on PX visit ICIS chemical intelligence

By: Samuel Weatherlake
+44 20 8652 3214

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