ExxonMobil, S-Oil target $130–140/tonne increase for Jan PX ACP

22 December 2011 11:14  [Source: ICIS news]

SINGAPORE (ICIS)--ExxonMobil and South Korea’s S-Oil are aiming for a $130–140/tonne increase for the January paraxylene (PX) Asian Contract Price (ACP), customers of the two aromatics makers said on Thursday.

ExxonMobil has nominated a January PX ACP of $1,520/tonne CFR (cost and freight) Asia, while S-Oil has proposed a contract price of $1,530/tonne CFR Asia, said customers of the PX makers.

The December PX ACP was settled at $1,390/tonne CFR Asia.

Rival producers JX Nippon Oil & Energy and Idemitsu Kosan nominated their respective January contract prices on 21 December, at $1,510/tonne CFR Asia and $1,550/tonne CFR Asia.

For more on PX visit ICIS chemical intelligence

By: Bohan Loh
+65 6780 4359

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