Asia PX market faces “non-settlement” for October ACP
07 October 2011 05:29 [Source: ICIS news]
SINGAPORE (ICIS)--Asian paraxylene (PX) market players are facing a potential “non-settlement” for the benchmark October Asia Contract Price (ACP), market sources said on Friday.
“Continued negotiations during the EPCA failed to yield any possibilities for a settlement,” said a source familiar with the negotiations.
A sole settlement between
Other key buyers said the settled price is too high as the margins for the downstream purified terephthalic acid (PTA) producers are thin.
ExxonMobil and
For more on paraxylene, visit ICIS chemical intelligence
Please visit the complete ICIS plants and projects database
For more pricing intelligence, visit ICIS pricing
By: Bohan Loh
+65 6780 4359
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.
| ICIS news FREE TRIAL |
| Get access to breaking chemical news as it happens. |
| ICIS Global Petrochemical Index (IPEX) |
| ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index |
Related Articles
- 10 Nov 11 06:41 Corrected: Idemitsu Kosan to revise October PX contract settlement
- 28 Oct 11 11:38 Asia PX players eye spot CFR Taiwan quotes for October contracts
- 27 Oct 11 13:01 Asia Dec PX prices affected by expectations of deep-sea arrivals
- 26 Oct 11 05:42 Asia PX producers propose Nov ACP, talks for Oct ACP at standstill
- 20 Oct 11 12:10 China's PTA futures fall 6% on concerns over eurozone crisis
- 20 Oct 11 10:38 Asia PX falls $80/tonne on weak PTA prices
- 20 Oct 11 04:29 Asia PX falls on soft PTA prices, worries over eurozone debt crisis
- 17 Oct 11 14:48 INSIGHT: When contract settlements don’t work
- 11 Oct 11 04:21 Japan's JX Nippon Oil shuts Kawasaki OCU for maintenance
- 07 Oct 11 12:51 France's Total continues FM on PX, OX, toluene
- 22 Aug 11 13:24 Asia PX hits 19-week high amid tight supply
- 20 Jul 11 10:19 Asia PX surges $80/tonne on supply concerns
- 20 Jul 11 09:34 Asia PX surges $80/tonne on supply concerns
- 14 Jul 11 11:35 Asia PX prices jump $25/tonne on brisk buying interest
Latest News
- 20 Jun 13 04:36 Asia EPDM to extend falls on Europe surplus stocks, weak rupee
- 20 Jun 13 04:33 China's CNPC starts building its first shale gas pipeline in Sichuan
- 20 Jun 13 04:17 China’s Wuhan Petrochemical holds trial runs at PE, PP units
- 20 Jun 13 04:08 Japan’s Asahi Kasei runs ADA unit at around 75% after restart
- 20 Jun 13 04:05 HSBC preliminary June PMI for China falls to nine-month low