South Korea’s S-Oil nominates Aug PX ACP at $1,470/tonne

26 July 2012 08:43  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s S-Oil has nominated its August paraxylene (PX) Asian Contract Price (ACP) at $1,470/tonne (€1,205/tonne), sources said on Thursday.

The company’s initial nomination for July was $1,330/tonne CFR (cost & freight) Asia, which it later revised down to $1,250/tonne.

Rival Japanese producers JX Nippon Oil & Energy and Idemitsu Kosan had earlier nominated their PX ACP for August at $1,490/tonne CFR Asia.

($1 = €0.82)

By: Yu Guo
+65 6780 4359

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