Japan’s Idemitsu Kosan nominates August PX ACP at $1,490/tonne

25 July 2012 12:24  [Source: ICIS news]

SINGAPORE (ICIS)--Japan’s Idemitsu Kosan has nominated its August paraxylene (PX) Asian Contract Price (ACP) at $1,490/tonne (€1,237/tonne), a company source said on Wednesday.

The nominated price is $330/tonne higher than the chemical producer’s initial settlement with its ACP buyers of $1,160/tonne CFR (cost and freight) Asia for August.

Rival Japanese producer JX Nippon Oil & Energy nominated its August ACP at $1,490/tonne CFR Asia earlier today, according to its customers.

($1 = €0.83)

By: Yu Guo
+65 6780 4359

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