Japan’s JX Nippon Oil seeks $100/tonne rise for March PX ACP

22 February 2012 08:12  [Source: ICIS news]

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

The company nominated a price of $1,690/tonne CFR (cost & freight) Asia, he said.

Rival producer S-Oil earlier nominated its March PX ACP at $1,690/tonne CFR Asia.

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

ExxonMobil and Idemitsu Kosan have yet to nominate their respective March PX ACP as at 15:30 hours Singapore time.

($1 = €0.75)


By: Bohan Loh
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index