09 July 2012 11:50 [Source: ICIS news]
SINGAPORE (ICIS)--ExxonMobil has settled its July paraxylene (PX) contract price with a southeast Asian end-user at $1,200/tonne (€984/tonne), sources familiar with the matter said on Monday.
“The price of $1,200/tonne CFR [cost and freight] ?xml:namespace>
The buyer is a southeast Asian purified terephthalic acid (PTA) producer, which is not generally considered as an Asian Contract Price (ACP)-linked buyer, sources said.
In an e-mailed statement, ExxonMobil said: “It is not our practice to discuss prices, other than with our customers."
Only Idemitsu Kosan finalised its July PX ACP at $1,160/tonne CFR Asia with its customers in
Market sources said that JX Nippon Oil will likely settle July contract prices off the spot CFR Taiwan and/or
($1 = €0.82)
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