09 August 2012 10:30 [Source: ICIS news]
Correction: In the ICIS news story headlined “Initial Europe August PX settles at €1,130/tonne, up €135/tonne” dated 9 August 2012, please read in the second paragraph … agreed between several parties at $1,365/tonne CFR … instead of … at $1,395/tonne CFR ... A corrected story follows.
LONDON (ICIS)--An initial August paraxylene (PX) contract has settled at €1,130/tonne ($1,395/tonne), up €135/tonne from the previous month, one seller said on Thursday.
According to the seller involved, the increase was largely driven by firmer pricing in ?xml:namespace>
Meanwhile, Asian PX spot prices have continued to firm after the August CP settlement, with prices reaching $1,450-1,460/tonne CFR Taiwan this week, reflecting higher feedstock and energy costs as well improved derivative purified terephthalic acid (PTA) prices.
The European settlement was agreed on a FD (free delivered) NWE (northwest
($1 = €0.81)
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