South Korea’s S-Oil eyes $30/tonne fall in Dec PX contract price

24 November 2011 07:35  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s S-Oil is eyeing a $30/tonne (€23/tonne) drop for its December paraxylene (PX) contract price, market sources said on Thursday.

The November PX Asian Contract Price (ACP) was fully settled at $1,500/tonne CFR Asia.

S-Oil proposed a contract price of $1,470/tonne CFR (cost & freight) Asia for December shipments, according to at least two customers of the South Korean aromatics maker.

Rival producers ExxonMobil, JX Nippon Oil & Energy and Idemitsu Kosan had earlier nominated their December PX ACP at $1,500/tonne CFR Asia, $1,470/tonne CFR Asia and $1,500/tonne CFR Asia, respectively.

($1 = €0.75)

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.

Printer Friendly