26 March 2012 18:02 [Source: ICIS news]
HOUSTON (ICIS)--The ?xml:namespace>
According to a producer, the increase followed a higher March Asian Contract Price (ACP) for PX, which 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 Asian PX Contract Price (ACP) providing a guide to price direction.
Buyer reaction was not immediately available.
Major US PX producers include BP Chemicals, ExxonMobil Chemical, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.75)
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