S Korea’s S-Oil seeks rollover for June PX ACP at $1,550/tonne

24 May 2012 03:27  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s S-Oil is seeking to roll over its June paraxylene (PX) Asian Contract Price (ACP) at $1,550/tonne (€1,240/tonne) CFR (cost & freight) Asia, market sources said on Thursday.

Its May PX ACP was settled at $1,550/tonne CFR Asia.

Rival Japanese producers JX Nippon Oil & Energy and Idemitsu Kosan had earlier nominated their respective PX ACP for June at $1,550/tonne CFR Asia and $1,500/tonne CFR Asia.

($1 = €0.80)

By: Bohan Loh
+65 6780 4359

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