S Korea’s S-Oil nominates $45/tonne hike for May PX ACP

23 April 2012 06:19  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s S-Oil has nominated a $45/tonne (€34/tonne) increase for its May paraxylene (PX) Asian Contract Price from April, a company source said on Monday.

“We nominated the May PX ACP at $1,630/tonne CFR (cost and freight) Asia,” the source said.

The April ACP was settled at $1,585/tonne CFR Asia.

JX Nippon Oil & Energy, Idemitsu Kosan and ExxonMobil had earlier proposed their May PX contract prices at $1,620/tonne CFR Asia, $1,650/tonne CFR Asia and $1,640/tonne CFR Asia, respectively.

($1 = €0.76)

By: Bohan Loh
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly