20 April 2012 10:53 [Source: ICIS news]
SINGAPORE (ICIS)--JX Nippon Oil & Energy is seeking a $35/tonne (€27/tonne) increase for its May paraxylene (PX) Asian Contract Price (ACP) from April, a company source said on Friday.
“We nominated a May PX ACP of $1,620/tonne CFR (cost and freight) Asia with validity to 27 April, 17.00 ?xml:namespace>
The April PX ACP was settled at $1,585/tonne CFR Asia.
Idemitsu Kosan had earlier proposed a monthly contract price of $1,650/tonne CFR Asia.
No nominations were heard from ExxonMobil, while a company source from S-Oil said they will announce its nomination on 23 April.
($1 = €0.76)
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