12 April 2012 06:51 [Source: ICIS news]
The prices are on a CFR (cost & freight)
Bids for May and June PX shipments were at $1,550-1,555/tonne CFR Taiwan/Ningbo/Dalian against offers at $1,570/tonne CFR Taiwan/Ningbo, but no transactions were done by 13:00 hours Singapore time.
A May shipment was heard inter-traded on 11 April at $1,540/tonne CFR Taiwan and/or China Main Port (CMP), but this could not be confirmed.
CPC Corp is typically a net seller of PX and the company supplies feedstock to Taiwan-based purified terephthalic acid (PTA) makers, such as China American Petrochemical Co (CAPCO), Oriental Petrochemical (
($1 = €0.76)
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