07 December 2011 21:47 [Source: ICIS news]
HOUSTON (ICIS)--The US December paraxylene (PX) contract dropped by 6.5 cents/lb from the previous month as a result of weakened demand and other factors, market participants said on Wednesday.The December contract for ?xml:namespace>
A major buyer said the decline was a result of weak US PX demand, falling prices in
Three Asian producers settled the December PX Asia Contract Price (ACP) at $1,390/tonne CFR (cost and freight)
Major US PX producers include BP Chemicals, ExxonMobil Chemical, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.75)
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