ExxonMobil settles Jan paraxylene ACP $55/tonne higher – customers

28 December 2011 10:21  [Source: ICIS news]

SINGAPORE (ICIS)--ExxonMobil settled its January paraxylene (PX) Asian Contract Price (ACP) $55/tonne (€42/tonne) higher on Wednesday, according to three customers of the US-based aromatics giant.

The settlement at $1,445/tonne CFR (cost and freight) Asia represents a $55/tonne increase from the December PX ACP of $1,390/tonne CFR Asia.

No other settlements were heard from rival producers JX Nippon Oil & Energy, Idemitsu Kosan and S-Oil as of 17:30 Singapore time.

($1 = €0.77)

By: Bohan Loh
+65 6780 4359

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