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.
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Other key buyers said the settled price is too high as the margins for the downstream purified terephthalic acid (PTA) producers are thin.
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