S Korea’s S-Oil seeks $100/t hike for Mar PX Asian Contract Price

22 February 2012 07:13  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s S-Oil is seeking a $100/tonne (€75/tonne) increase for its March paraxylene (PX) Asian Contract Price (ACP), a company source said on Wednesday.

The producer’s nomination was at $1,690/tonne CFR (cost & freight) Asia, he said.

The February PX ACP was fully settled at $1,590/tonne CFR Asia.

JX Nippon Oil & Energy, ExxonMobil and Idemitsu Kosan have yet to nominate their respective March PX ACP as of 15:00 hours Singapore time.

($1 = €0.75)

By: Bohan Loh
+65 6780 4359

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