ExxonMobil eyes $110/t hike for March PX Asian Contract Price

23 February 2012 07:19  [Source: ICIS news]

SINGAPORE (ICIS)--ExxonMobil is eyeing a $110/tonne (€84/tonne) increase for its March paraxylene (PX) Asian Contract Price (ACP), customers of the aromatics giant said on Thursday.

ExxonMobil nominated a price of $1,700/tonne CFR (cost & freight) Asia for March, according to its customers.

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

JX Nippon Oil & Energy and S-Oil nominated their respective March PX ACP on 22 February at $1,690/tonne CFR Asia.

Idemitsu Kosan proposed a contract price for March at $1,740/tonne CFR Asia on 22 February.

($1 = €0.76)

By: Bohan Loh
+65 6780 4359

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