31 July 2012 20:20 [Source: ICIS news]
MIAMI, Florida (ICIS)--The US July paraxylene (PX) contract settled at a 4.65 cent/lb ($103/tonne, €84/tonne) decrease from the previous month, following price movements in Asia, according to market players on Tuesday.
The July PX contract settled at 62.85 cents/lb ?xml:namespace>
The US PX contract price is usually settled in the first half of the month to which it applies, with the Asian PX Contract Price (ACP) providing a guide to price direction.
Major US PX producers include BP, ExxonMobil, Chevron Phillips Chemical and Flint Hills Resources.
($1 = €0.82)
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