26 October 2011 10:55 [Source: ICIS news]
SINGAPORE (ICIS)--ExxonMobil has nominated the November paraxylene (PX) Asia Contract Price (ACP) at $1,620/tonne (€1,166/tonne) CFR (cost & freight) ?xml:namespace>
Rival producers JX Nippon Oil & Energy, Idemitsu Kosan and S-Oil had earlier proposed their respective November contract prices at $1,590/tonne CFR Asia.
There has yet to be a widely accepted contract price for October.
The settlements between China’s Zhejiang Yisheng Petrochemicals, Idemitsu Kosan and S-Oil at $1,620/tonne CFR Asia was rejected by other key buyers who said the price is too high as their purified terephthalic acid (PTA) margins are poor.
($1 = €0.72)
For more pricing intelligence, visit ICIS pricing
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|
Asian Chemical Connections