22 September 2011 08:28 [Source: ICIS news]
Japanese producer Idemitsu Kosan has nominated an even higher October PX ACP at $1,780/tonne (CFR Asia), market sources said.
The nominations for the PX ACP are higher because supply is expected to be tight in October as a result of multiple turnarounds in the region, end-users said.
However, the prices are deemed unworkable as the prices in the downstream purified terephthalic acid (PTA) market, which fell early on Thursday, are causing poor margins, the end-users added.
The PX ACP for September was settled at $1,655/tonne CFR Asia.
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