22 February 2012 09:12 [Source: ICIS news]
SINGAPORE (ICIS)--Idemitsu Kosan is proposing a $150/tonne (€114/tonne) increase in its March paraxylene (PX) Asian Contract Price (ACP), customers of the Japanese aromatics maker said on Wednesday.
The company nominated $1,740/tonne CFR (cost and freight) ?xml:namespace>
February PX ACP was fully settled at $1,590/tonne CFR Asia.
Rival producers S-Oil and JX Nippon Oil & Energy had earlier proposed their respective March ACP at $1,690/tonne CFR Asia, while ExxonMobil has yet to make a nomination as at 17.00
($1 = €0.75)
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