ExxonMobil settles April PX ACP at $1,585/tonne – sources

03 April 2012 05:58  [Source: ICIS news]

SINGAPORE (ICIS)--ExxonMobil came to an agreement on its April paraxylene (PX) Asian Contract Price (ACP) at $1,585/tonne (€1,189/tonne) with at least three of its customers late on Monday, according to market sources.

The US-based aromatics giant is the fourth ACP-linked producer to settle the benchmark contract price following earlier settlements by JX Nippon Oil & Energy, Idemitsu Kosan and South Korea’s S-Oil at the same price.

The March PX ACP was fully settled at $1,650/tonne CFR Asia.

($1 = €0.75)

By: Bohan Loh
+65 6780 4359

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