01 March 2012 04:11 [Source: ICIS news]
SINGAPORE (ICIS)--ExxonMobil agreed its March paraxylene (PX) Asian Contract Price (ACP) with its customers at $1,650/tonne (€1,238/tonne) late on Wednesday, according to market sources.
This makes the March PX ACP fully settled at $1,650/tonne CFR (cost and freight) ?xml:namespace>
The PX ACP is a monthly negotiated price between 4 major sellers; JX Nippon Oil, Idemitsu Kosan, S-Oil and ExxonMobil, and 6 major buyers; Mitsubishi Chemical, Mitsui Chemical, BP, China American Petrochemical Co (CAPCO), Oriental Petrochemical (
Almost all term contracts in
The February PX ACP was fully settled at $1,590/tonne CFR Asia.
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