Initial Europe March paraxylene settles up €36/t at €1,268/tonne

08 March 2012 10:03  [Source: ICIS news]

LONDON (ICIS)--An initial European March paraxylene (PX) contract has settled at €1,268/tonne ($1,668/tonne), a €36/tonne increase from the February contract price, a producer said on Thursday.

"I can confirm an initial March settlement for PX at €1,268/tonne," a producer said.

An increase had been expected following the settlement of the Asian Contract Price.

The European settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.76)

By: Helena Strathearn
+44 208 652 3214

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