08 March 2012 20:04 [Source: ICIS news]
HOUSTON (ICIS) --The ?xml:namespace>
According to a producer, the March PX contract may settle at 82 cents/lb, following a higher Asian PX Contract Price (ACP) for March.
The March PX ACP was fully settled at $1,650/tonne CFR Asia, up by $60/tonne from the February PX ACP settlement price of $1,590/tonne CFR Asia.
The US PX contract price is usually settled in the first half of the month to which it applies, with the ACP providing a guide to price direction.
Major US PX producers include BP Chemicals, ExxonMobil Chemical, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.76)
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