Initial Europe June PX agreed down €120/tonne at €1,090/tonne

11 June 2012 17:56  [Source: ICIS news]

LONDON (ICIS)--An initial European June paraxylene (PX) settlement has been agreed at €1,090/tonne ($1,363/tonne), down by €120/tonne from last month’s contract, one producer confirmed on Monday.

A decrease of some magnitude was expected for the European settlement following a $195/tonne decline in the June Asian Contract Price (ACP).

The European settlement was agreed on a free delivered (FD) northwest Europe (NWE) basis.

($1 = €0.80)

By: Truong Mellor
+44 208 652 3214

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