24 May 2012 04:16 [Source: ICIS news]
SINGAPORE (ICIS)--ExxonMobil has nominated its June paraxylene (PX) Asian Contract Price (ACP) at $1,530/tonne (€1,224/tonne), sources familiar with the matter said on Thursday.
The nominated price represents a $20/tonne fall from the May PX ACP settlement of $1,550/tonne CFR (cost and freight) ?xml:namespace>
Rival producers, JX Nippon Oil & Energy, S-Oil and Idemitsu Kosan had earlier nominated their June PX ACP at $1,550/tonne CFR Asia, $1,550/tonne CFR Asia and $1,500/tonne CFR Asia, respectively.
The June PX ACP will be settled on 31 May.
($1 = €0.80)
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