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

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