Japan’s JX Nippon Oil cuts February PX nomination by $20/tonne

31 January 2012 06:15  [Source: ICIS news]

SINGAPORE (ICIS)--Japanese aromatics major JX Nippon Oil & Energy has lowered its nomination for the February paraxylene (PX) contract by $20/tonne (€15/tonne), its customers said on Tuesday.

JX Nippon Oil re-nominated its February contract price at $1,610/tonne CFR Asia, down from the initial nomination of $1,630/tonne CFR Asia.

Nominations from ExxonMobil, S-Oil and Idemitsu Kosan stood at $1,650/tonne CFR Asia, $1,700/tonne CFR Asia and $1,690/tonne CFR Asia respectively at 14:00 hours Singapore time.

Counter-bids from end-users were heard at around $1,550/tonne CFR Asia.

($1 = €0.76)

For more information on PX, visit ICIS chemical intelligence

By: Bohan Loh
+65 6780 4359

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