JX Nippon Oil rolls over $1,550/tonne for June PX ACP nomination

22 May 2012 11:54  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s JX Nippon Oil & Energy has nominated $1,550/tonne (€1,209/tonne) as its Asian Contract Price (ACP) for June paraxylene (PX), unchanged from its May settlement price, a company source said on Tuesday.

The ACP is on a cost and freight (CFR) Asia basis.

Spot PX prices were assessed at $1,456-1,458/tonne CFR Taiwan in the week ended 18 May, down by $64/tonne from the previous week, according to ICIS.

($1 = €0.78)

By: Bohan Loh
+65 6780 4359

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