21 December 2011 08:42 [Source: ICIS news]
SINGAPORE (ICIS)--JX Nippon Oil & Energy and Idemitsu Kosan are seeking a $120-160/tonne (€91-122/tonne) hike for the benchmark January paraxylene (PX) Asian Contract Price (ACP), customers of the Japanese aromatics makers said on Wednesday.
JX Nippon Oil nominated a January PX ACP of $1,510/tonne CFR (cost & freight) Asia, while Idemitsu Kosan proposed a contract price of $1,550/tonne CFR Asia, with validity to 28 December, according to their customers.
The December PX ACP was settled at $1,390/tonne CFR Asia, ICIS data showed.
ExxonMobil and S-Oil had yet to nominate their respective contract prices as of 16:00 hours Singapore time.
($1 = €0.76)
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