South Korea’s S-Oil seeking roll-over for its Apr PX ACP

23 March 2012 02:36  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s S-Oil is seeking a roll-over for its April paraxylene (PX) Asian Contract Price (ACP) at $1,650/tonne (1,254/tonne), a company source said on Friday.

The nomination is on a CFR (cost and freight) Asia basis. The March PX ACP was fully settled at $1,650/tonne CFR Asia.

JX Nippon Oil & Energy had also nominated its April PX ACP at $1,650/tonne CFR Asia on 22 March.

No nominations have been heard from Idemitsu Kosan and ExxonMobil so far.

($1 = €0.76)

By: Bohan Loh
+65 6780 4359

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